JPMorgan lowered the firm’s price target on Webster Financial (WBS) to $68 from $70 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the small- and mid-cap banks. It expects bank fundamental trends to be highlighted by solid loan and deposit growth as well as increasing net interest margins.
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:
- Webster Financial price target raised to $77 from $64 at Morgan Stanley
- Webster Financial initiated with a Buy at TD Cowen
- Webster Financial Issues $350M Subordinated Notes
- Cantor starts U.S. banks with ‘constructive view,’ names Citizens as top pick
- Webster Financial initiated with an Overweight at Cantor Fitzgerald