Truist analyst David Smith downgraded Webster Financial (WBS) to Hold from Buy with a price target of $74, up from $73., after Webster entered into an agreement to be acquired by Banco Santander in a cash and stock deal for total consideration of $75.59 per share. The firm views a competing bid as unlikely.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBS: