Morgan Stanley Maintains Overweight on Webster Finl, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has maintained an Overweight rating on Webster Financial (WBS) and increased the price target from $51 to $61.
February 07, 2024 | 8:59 pm
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POSITIVE IMPACT
Morgan Stanley has reaffirmed its Overweight rating on Webster Financial and raised the price target from $51 to $61.
The increase in the price target by a reputable analyst like Manan Gosalia at Morgan Stanley is a strong positive signal for Webster Financial. It suggests a bullish outlook on the stock, likely due to favorable financial performance or growth prospects. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100