United Community downgraded to Market Perform from Outperform at Raymond James

Raymond James analyst Michael Rose downgraded United Community Banks (UCB) to Market Perform from Outperform without a price target After meeting with management, the firm believes United Community s less likely to pursue further acquisitions in the near-term. This limits the bank’s ability to improve its “below-peer” profitability and will result in the shares continuing to trade at a discount to peers, the analyst tells investors in a research note.