RBC Capital Maintains Outperform on Webster Finl, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Steven Duong maintains an Outperform rating on Webster Financial (NYSE:WBS) and lowers the price target from $57 to $54.

April 24, 2024 | 5:46 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Webster Financial and lowers the price target from $57 to $54.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a positive outlook on WBS but with a slightly reduced growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the new price target against the backdrop of continued endorsement of the stock's potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100