JP Morgan Maintains Overweight on Webster Finl, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Steven Alexopoulos maintains an Overweight rating on Webster Financial (NYSE:WBS) but lowers the price target from $58 to $55.
October 09, 2024 | 8:38 pm
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JP Morgan's analyst Steven Alexopoulos maintains an Overweight rating on Webster Financial but lowers the price target from $58 to $55, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in Webster Financial's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100