Keefe, Bruyette & Woods Upgrades UMB Financial (UMBF) to Market Perform; Valuation More Reasonable; May Benefit from Flight to Safety
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Price: $146.10 -2.59%
Rating Summary:
13 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
Rating Summary:
13 Buy, 2 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 9 | New: 24
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Keefe, Bruyette & Woods upgraded UMB Financial (NASDAQ: UMBF) from Underperform to Market Perform with a price target of $39.00.
KBW analyst says, "Since reporting what we viewed as solid and stable Q2 results, the shares are down nearly 20%, partly due to weakness in the equity markets. That said, a flight to safety may benefit companies such as UMBF given what remains a highly uncertain economic outlook."
For more ratings news on UMB Financial click here and for the rating history of UMB Financial click here.
Shares of UMB Financial closed at $35.37 yesterday.
KBW analyst says, "Since reporting what we viewed as solid and stable Q2 results, the shares are down nearly 20%, partly due to weakness in the equity markets. That said, a flight to safety may benefit companies such as UMBF given what remains a highly uncertain economic outlook."
For more ratings news on UMB Financial click here and for the rating history of UMB Financial click here.
Shares of UMB Financial closed at $35.37 yesterday.
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