Citigroup Initiates Coverage On Webster Finl with Buy Rating, Announces Price Target of $51
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ben Gerlinger has initiated coverage on Webster Financial Corporation (NYSE:WBS) with a Buy rating and set a price target of $51.

December 01, 2023 | 10:34 am
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Citigroup analyst Ben Gerlinger initiated coverage on Webster Financial Corporation with a Buy rating and a price target of $51.
Analyst coverage, especially from a major bank like Citigroup, can significantly influence investor sentiment. A Buy rating typically suggests that the analyst sees the stock as undervalued or poised for growth, which can lead to increased investor interest and potentially drive up the stock price in the short term. The announcement of a specific price target provides a benchmark for investors and can further bolster confidence in the stock.
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