Webster Financial shares are trading higher after Citigroup initiated coverage on the stock with a Buy rating and $51 price target.
Portfolio Pulse from Benzinga Newsdesk
Webster Financial's stock is trading higher following Citigroup's initiation of coverage with a Buy rating and a $51 price target.
December 01, 2023 | 8:23 pm
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Citigroup initiated coverage on Webster Financial with a Buy rating and set a price target of $51, leading to an increase in the stock's trading price.
Analyst ratings, especially from major financial institutions like Citigroup, can significantly influence investor sentiment and stock prices. The Buy rating and the $51 price target suggest a positive outlook for Webster Financial, which is likely to encourage investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100