5 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts

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01. UMB Financial Corporation (NASDAQ:UMBF)

Price Reaction after the Upgrade: +1.98 (+3.20%)

UMB Financial Corporation (NASDAQ:UMBF) saw a 3.2% stock increase on September 13 after Piper Sandler upgraded it from Neutral to Overweight. The upgrade is due to the belief that several company-specific catalysts could boost the stock’s performance despite recent struggles. According to analyst Nathan Race, UMB Financial Corporation (NASDAQ:UMBF) has the potential for strong net interest income growth in the latter half of this year and 2024, driven by expanding loan yields, redeploying $300 million in quarterly securities cash flow run-off, and reduced deposit cost pressures. Additionally, robust fee income growth is expected to contribute significantly to overall revenue. While the stock’s technical indicators align with industry peers, its valuation is currently at a historical discount compared to its premium.

See also Conservative Stock Portfolio: 10 Best Stocks To Buy and What Are The Best Stocks To Buy Right Now?

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