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.
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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