Piper Sandler raised the firm’s price target on United Community Banks to $30 from $28 and keeps a Neutral rating on the shares following quarterly results. The firm still struggles to see a reason for the shares to outperform considering the stock is now about 12-times its 2025 and thinks the ROA will remain under 1% until Q4 2024.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on UCBI:
- United Community Banks Q4 Earnings Call Announcement
- United Community Banks, Inc. Reports Fourth Quarter Results
- UCBI Upcoming Earnings Report: What to Expect?
- United Community Banks, Inc. Announces Date For Fourth Quarter 2023 Earnings Release And Conference Call
- United Community Banks price target lowered to $31 from $32 at Truist