Webster Financial price target raised to $165 from $160 at UBS

UBS raised the firm’s price target on Webster Financial (WBS) to $165 from $160 and keeps a Buy rating on the shares. The firm adjusted targets in the mid-cap bank group as part of its 2026 outlook. UBS sees this year being a year of “catch up” for the group versus the large banks. Bank merger activity is “robust,” the yield curve is steepening, loan growth is improving, and credit is “largely in check,” the analyst tells investors in a research note. UBS is “cautiously optimistic” on the mid-cap bank space in 2026.