Jefferies Maintains Buy on Webster Finl, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Ken Usdin maintains a Buy rating on Webster Financial (WBS) but lowers the price target from $65 to $56.

April 08, 2024 | 7:40 pm
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NEUTRAL IMPACT
Jefferies maintains a Buy rating on Webster Financial but lowers the price target from $65 to $56.
While the reduction in the price target from $65 to $56 by Jefferies could suggest a tempered outlook on Webster Financial's stock performance, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the ongoing endorsement of the stock's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100