Stock Track | United Bankshares Soars 5.23% Pre-Market on Piper Sandler Upgrade to Overweight

Stock Track

Oct 24

Shares of United Bankshares (UBSI) are soaring 5.23% in pre-market trading on Friday, following a significant upgrade from Piper Sandler. The financial services firm raised its rating on United Bankshares to Overweight from Neutral, signaling increased confidence in the bank's prospects.

Piper Sandler also boosted its target price for United Bankshares to $42.50 from $40, representing a substantial upside potential from the stock's previous closing price. This upgrade comes as a positive signal for investors, especially considering the current economic environment and its impact on the banking sector.

While Stephens cut its target price for United Bankshares to $40 from $41, the market seems to be focusing more on the positive outlook from Piper Sandler. According to FactSet, the average analyst rating for United Bankshares is now overweight, with a mean price target of $40.90. This consensus suggests that despite some mixed signals, overall sentiment towards the stock remains positive among Wall Street analysts.

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The financial services firm raised its rating on United Bankshares to Overweight from Neutral, signaling increased confidence in the bank's prospects.</p>\n\n<p>Piper Sandler also boosted its target price for United Bankshares to $42.50 from $40, representing a substantial upside potential from the stock's previous closing price. This upgrade comes as a positive signal for investors, especially considering the current economic environment and its impact on the banking sector.</p>\n\n<p>While Stephens cut its target price for United Bankshares to $40 from $41, the market seems to be focusing more on the positive outlook from Piper Sandler. According to FactSet, the average analyst rating for United Bankshares is now overweight, with a mean price target of $40.90. 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The financial services firm raised its rating on United Bankshares to Overweight from Neutral, signaling increased confidence in the bank's prospects.</p>\n\n<p>Piper Sandler also boosted its target price for United Bankshares to $42.50 from $40, representing a substantial upside potential from the stock's previous closing price. This upgrade comes as a positive signal for investors, especially considering the current economic environment and its impact on the banking sector.</p>\n\n<p>While Stephens cut its target price for United Bankshares to $40 from $41, the market seems to be focusing more on the positive outlook from Piper Sandler. According to FactSet, the average analyst rating for United Bankshares is now overweight, with a mean price target of $40.90. This consensus suggests that despite some mixed signals, overall sentiment towards the stock remains positive among Wall Street analysts.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UBSI","symbol_name":"联合银行","start_time":0,"source_url":"","article_id":"1192392638","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192392638","pubTimestamp":1761314430,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of United Bankshares (UBSI) are soaring 5.23% in pre-market trading on Friday, following a significant upgrade from Piper Sandler. 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