Wells Fargo Maintains Equal-Weight on Webster Finl, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler maintains an Equal-Weight rating on Webster Financial (NYSE:WBS) and raises the price target from $50 to $60.
October 18, 2024 | 1:46 pm
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Wells Fargo has maintained its Equal-Weight rating on Webster Financial and increased the price target from $50 to $60, indicating a positive outlook.
The increase in the price target from $50 to $60 by Wells Fargo suggests a positive outlook for Webster Financial. Maintaining the Equal-Weight rating indicates that the stock is expected to perform in line with the market. The raised price target is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100