Morgan Stanley Downgrades Webster Finl to Equal-Weight, Raises Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has downgraded Webster Financial (NYSE:WBS) from Overweight to Equal-Weight while raising the price target from $54 to $57.
August 05, 2024 | 9:28 am
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Morgan Stanley analyst Manan Gosalia downgraded Webster Financial (NYSE:WBS) from Overweight to Equal-Weight, while raising the price target from $54 to $57.
The downgrade from Overweight to Equal-Weight suggests a neutral stance on the stock, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $57 indicates some positive outlook, balancing the overall impact.
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