Keefe, Bruyette & Woods Maintains Outperform on Webster Finl, Raises Price Target to $62-Report Released on 20 December 2023
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher McGratty has maintained an Outperform rating on Webster Financial Corporation (NYSE:WBS) and increased the price target from $57 to $62, as reported on December 20, 2023.
December 21, 2023 | 2:29 pm
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POSITIVE IMPACT
Webster Financial Corporation's stock may see a positive short-term impact due to Keefe, Bruyette & Woods analyst maintaining an Outperform rating and raising the price target to $62.
Analyst ratings and price target adjustments are significant indicators for investors, often influencing stock prices. The increase in price target from $57 to $62 by a reputable analyst firm suggests a bullish outlook on Webster Financial Corporation, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100