Piper Sandler Maintains Overweight on Webster Finl, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Matthew Breese has maintained an Overweight rating on Webster Financial Corporation (NYSE:WBS) and increased the price target from $53 to $60.
December 15, 2023 | 5:04 pm
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POSITIVE IMPACT
Piper Sandler's analyst Matthew Breese reaffirmed an Overweight rating on Webster Financial Corporation and raised the price target from $53 to $60, indicating a positive outlook on the stock.
The increase in price target by Piper Sandler suggests a strong conviction in Webster Financial Corporation's future performance. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price, as analyst ratings and price targets are closely watched market indicators.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100