Breaking Down Webster Finl: 5 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Over the past three months, five analysts have shared their views on Webster Financial Corp (NYSE: WBS), with ratings ranging from bullish to somewhat bullish. The average 12-month price target has decreased from $59.20 to $55.00. Analysts from RBC Capital, Keefe, Bruyette & Woods, Jefferies, JP Morgan, and Barclays have all lowered their price targets. Despite positive revenue growth and strong net margins, the company faces challenges with its ROE and debt management.
July 24, 2024 | 6:00 pm
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Webster Financial Corp (NYSE: WBS) has seen a decrease in its average 12-month price target from $59.20 to $55.00, with analysts from major firms lowering their targets. Despite positive revenue growth and strong net margins, the company faces challenges with its ROE and debt management.
The decrease in the average 12-month price target and the lowering of targets by multiple analysts indicate a bearish sentiment. Despite positive revenue growth and strong net margins, the challenges with ROE and debt management contribute to a negative short-term outlook.
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IMPORTANCE 80
RELEVANCE 100