Morgan Stanley Maintains Overweight on Webster Finl, Raises Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has maintained an Overweight rating on Webster Financial Corporation (NYSE:WBS) and increased the price target from $49 to $51.
December 04, 2023 | 7:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Morgan Stanley has reaffirmed its Overweight rating on Webster Financial Corporation and raised the price target from $49 to $51, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a bullish outlook on Webster Financial Corporation, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100