UPDATE: J.P. Morgan Moves to Neutral on Umpqua Holdings on Limited Value Creation Opportunity

In a report published Tuesday, J.P. Morgan analyst Steven Alexopoulos moved the rating on Umpqua Holdings (NASDAQ: UMPQ ) from Not Rated to Neutral, and raised the price target from $12.50 to $16.00. In the report, J.P. Morgan noted, “Following a period of restriction on UMPQ, we are moving from