Wedbush Maintains Neutral on Webster Finl, Raises Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini maintains a Neutral rating on Webster Financial (NYSE:WBS) but raises the price target from $52 to $59.

October 18, 2024 | 5:32 pm
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Wedbush analyst David Chiaverini maintains a Neutral rating on Webster Financial but raises the price target from $52 to $59.
The increase in the price target from $52 to $59 suggests a positive outlook on Webster Financial's future performance, which could lead to a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst does not see a strong buy or sell opportunity, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100