Barclays Initiates Coverage On UMB Financial with Equal-Weight Rating, Announces Price Target of $91
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw initiates coverage on UMB Financial (UMBF) with an Equal-Weight rating and a price target of $91.

March 08, 2024 | 10:29 am
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NEUTRAL IMPACT
Barclays initiated coverage on UMB Financial with an Equal-Weight rating and set a price target of $91.
The initiation of coverage by Barclays with an Equal-Weight rating and a specific price target provides investors with a new professional analysis to consider. However, an Equal-Weight rating suggests that Barclays views UMBF's stock as fairly valued at current levels, implying a neutral short-term price movement expectation. The price target of $91 indicates Barclays' expectation of where the stock price could head, but the neutral rating tempers immediate bullish or bearish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100