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Stock impact report

Truist Cuts UMB Financial (UMBF) Price Target, Morgan Stanley Raises [Yahoo! Finance]

UMB Financial Corporation (UMBF) 
Last umb financial corporation earnings: 4/28 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: umbfinancial.com/investor-relations
Company Research Source: Yahoo! Finance
Securities analyst Brian Foran reduced the firm's price target on UMB Financial Corporation (NASDAQ:UMBF) from $150 to $130 while maintaining a Buy rating on the stock. This update comes as part of a broader research note on the financial sector. Brian Foran told investors in a research note that Truist Securities is updating its models to reflect a higher cost of equity, which has led to lower valuation multiples compared to historical levels. Truist Cuts UMB Financial (UMBF) Price Target, Morgan Stanley Raises However, earlier, on March 2, Morgan Stanley increased its price target on UMB Financial Corporation (NASDAQ:UMBF) from $154 to $156 and kept its Overweight rating on the stock. Morgan Stanley said that it is raising price targets by a median of 8% across mid-cap banks. The research firm highlighted the recent outperformance by the group and noted that “the bar is higher from here.” Despite this, Morgan Stanley is staying optimistic on mid-cap banks, pointing to tailwi Show less Read more
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