Barclays Initiates Coverage On Webster Finl with Overweight Rating, Announces Price Target of $70
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw has initiated coverage on Webster Financial Corporation (WBS) with an Overweight rating and set a price target of $70.
March 08, 2024 | 12:20 pm
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Barclays has initiated coverage on Webster Financial Corporation with an Overweight rating and a price target of $70.
The initiation of coverage by a major financial institution like Barclays, especially with an Overweight rating, is a positive signal to the market. The set price target of $70 suggests a bullish outlook on the stock, potentially leading to increased investor interest and a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100