JP Morgan Upgrades Webster Finl to Overweight, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos upgraded Webster Financial Corporation (NYSE:WBS) from Neutral to Overweight and increased the price target from $60 to $65.
January 24, 2024 | 11:00 am
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POSITIVE IMPACT
Webster Financial Corporation was upgraded by JP Morgan from Neutral to Overweight with a raised price target from $60 to $65.
Upgrades by major analysts like JP Morgan can lead to increased investor confidence and potential stock price appreciation in the short term. The raised price target further suggests a positive outlook on the company's valuation, which may influence investors to adjust their positions accordingly.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100