Barclays Maintains Overweight on Webster Finl, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw maintains an Overweight rating on Webster Financial (WBS) but lowers the price target from $70 to $65.

April 24, 2024 | 3:54 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Webster Financial but lowers the price target from $70 to $65.
The adjustment in price target by Barclays reflects a nuanced view on Webster Financial's future performance. While maintaining an Overweight rating indicates a positive outlook on the stock, the reduction in price target suggests a tempering of expectations regarding its growth potential or valuation. This could lead to a neutral short-term impact on the stock as investors digest the implications of the revised price target against the backdrop of an overall positive recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100