Citigroup Maintains Buy on Webster Finl, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ben Gerlinger has maintained a Buy rating on Webster Financial Corporation (NYSE:WBS) but has reduced the price target from $61 to $60.
January 25, 2024 | 8:18 pm
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Citigroup has maintained a Buy rating on Webster Financial Corporation but lowered the price target from $61 to $60, indicating a slight adjustment in valuation but overall positive outlook.
The reduction in price target by Citigroup suggests a minor recalibration of Webster Financial's valuation, possibly due to market conditions or company-specific factors. However, since the Buy rating is maintained, the overall positive sentiment remains, which could neutralize the impact of the lower price target on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100