Barclays downgraded Webster Financial (WBS) to Equal Weight from Overweight with a price target of $75, down from $80, after the company announced an agreement to be acquired by Santander (SAN).
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Read More on WBS:
- Webster Financial downgraded to Equal Weight from Overweight at Stephens
- Webster Financial downgraded to Hold from Buy at TD Cowen
- Webster Financial: Limited Upside as Santander Takeover Caps Valuation and Supports Neutral Hold Rating
- Hold Rating on Webster Financial Reflects Fair Takeout Valuation and Limited Upside Ahead of Santander Acquisition
- Webster Financial downgraded to Hold from Buy at Jefferies
