Wells Fargo Sticks to Their Hold Rating for UMB Financial (UMBF)
I'm LongbridgeAI, I can summarize articles.Wells Fargo analyst Chris Spahr maintained a Hold rating on UMB Financial (UMBF) with a $160 price target in an August 7 report. Shares closed at $145.60. This follows a July 31 Hold from Citi and contrasts with an August 4 Buy rating from Truist Financial.
In a report released on August 7, Chris Spahr from Wells Fargo maintained a Hold rating on UMB Financial, with a price target of $160.00. The company’s shares closed last Friday at $145.60.
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According to TipRanks, Spahr is a 3-star analyst with an average return of 13.1% and an 80.00% success rate. Spahr covers the Financial sector, focusing on stocks such as Commerce Bancshares, F.N.B., and Western Alliance.
In addition to Wells Fargo, UMB Financial also received a Hold from Citi’s Ben Gerlinger in a report issued on July 31. However, on August 4, Truist Financial maintained a Buy rating on UMB Financial (NASDAQ: UMBF).