Raymond James Maintains Outperform on Webster Finl, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Daniel Tamayo has maintained an Outperform rating on Webster Financial Corporation (NYSE:WBS) and increased the price target from $57 to $60.
January 24, 2024 | 10:01 am
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Raymond James has reaffirmed Webster Financial Corporation's Outperform rating and raised the price target to $60, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Daniel Tamayo from Raymond James typically signals a bullish outlook on the stock, suggesting that the company's fundamentals or growth prospects have potentially improved. This can lead to increased investor confidence and could positively impact the stock price in the short term.
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IMPORTANCE 80
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