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Wells Fargo analyst Jared Shaw downgrades Associated Banc-Corp (ASB-1.7%), Commerce Bancshares (CBSH-0.8%), UMB Financial (UMBF-1.3%) and First Republic Bank (FRC-1.2%) to underweight and sets PT of $20, $55, $60 and $100 respectively on valuation concern, if credit or growth concerns emerge.
More news on: Associated Banc-Corp, Commerce Bancshares, Inc., UMB Financial Corporation, Financial stocks news, Stocks on the move