Morgan Stanley Maintains Equal-Weight on Webster Finl, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia has maintained an Equal-Weight rating on Webster Financial (NYSE:WBS) but has lowered the price target from $57 to $54.
September 30, 2024 | 4:10 pm
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Morgan Stanley has maintained an Equal-Weight rating on Webster Financial but reduced the price target from $57 to $54, indicating a slightly less optimistic outlook.
The reduction in the price target by Morgan Stanley suggests a less optimistic view on Webster Financial's future performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the lowered target may influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100