RBC Capital Maintains Outperform on Webster Finl, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom maintains an Outperform rating on Webster Financial (NYSE:WBS) but lowers the price target from $54 to $51.
July 24, 2024 | 5:27 pm
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RBC Capital analyst Jon Arfstrom maintains an Outperform rating on Webster Financial (NYSE:WBS) but lowers the price target from $54 to $51.
The Outperform rating suggests continued confidence in Webster Financial's performance, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100