Raymond James Maintains Outperform on Webster Finl, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Daniel Tamayo has maintained an 'Outperform' rating on Webster Financial (NYSE:WBS), but lowered the price target from $51 to $49.
October 23, 2023 | 4:20 pm
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Webster Financial's price target has been lowered from $51 to $49 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could indicate a slightly less optimistic outlook for Webster Financial. However, the maintenance of the 'Outperform' rating suggests that the analyst still expects the stock to perform well relative to others. This could have a neutral impact on the stock's price in the short term.
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IMPORTANCE 70
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