Jefferies Maintains Buy on Webster Finl, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Ken Usdin maintains a Buy rating on Webster Financial (NYSE:WBS) but lowers the price target from $56 to $51.
July 03, 2024 | 4:04 pm
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NEUTRAL IMPACT
Jefferies analyst Ken Usdin maintains a Buy rating on Webster Financial (NYSE:WBS) but lowers the price target from $56 to $51.
The Buy rating suggests continued confidence in Webster Financial's performance, but the lowered price target indicates some caution about its near-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100