Wells Fargo Maintains Equal-Weight on UMB Financial, Raises Price Target to $88
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has maintained an Equal-Weight rating on UMB Financial (NASDAQ:UMBF) and increased the price target from $85 to $88.

April 10, 2024 | 4:03 pm
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Wells Fargo has maintained an Equal-Weight rating on UMB Financial and raised the price target from $85 to $88.
The increase in price target by Wells Fargo suggests a positive outlook on UMB Financial's stock, potentially leading to a short-term increase in its stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector average, but the raised target price signals analyst confidence in the company's potential to reach higher valuation levels.
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