Keefe, Bruyette & Woods Maintains Outperform on Webster Finl, Lowers Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains an Outperform rating on Webster Financial (NYSE:WBS) but lowers the price target from $64 to $58.

April 24, 2024 | 2:59 pm
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NEUTRAL IMPACT
Keefe, Bruyette & Woods maintains an Outperform rating on Webster Financial but lowers the price target from $64 to $58.
The maintenance of an Outperform rating suggests a positive outlook on Webster Financial's stock by Keefe, Bruyette & Woods, indicating confidence in the company's future performance. However, the reduction in the price target from $64 to $58 could reflect a reassessment of the company's valuation or expected future earnings, potentially leading to short-term price volatility. The overall impact is neutral as the positive rating is counterbalanced by a lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100