Wells Fargo analyst Timur Braziler lowered the firm’s price target on Webster Financial (WBS) to $60 from $75 and keeps an Overweight rating on the shares. While long-term uncertainty has certainly increased, the recent pullback in the space presents a near-term opportunity as EPS results remain steady, credit is still okay, and expectations are once again really low.
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Read More on WBS:
- Webster Financial price target lowered to $72 from $80 at Barclays
- Webster Financial price target lowered to $50 from $66 at Morgan Stanley
- Webster Financial price target lowered to $66 from $67 at BofA
- Webster Financial price target lowered to $58 from $65 at Raymond James
- Webster Financial CRO Bley to retire
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