RBC Capital analyst Jon Arfstrom initiated coverage of UMB Financial (UMBF) with a Sector Perform rating and $130 price target The firm views UMB as a high quality core holding with a long track record of above peer growth and clean credit quality. RBC says its favorable view of the company is balanced with the current valuation and the path to achieving full merger benefits.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
