tiprankstipranks
Trending News
More News >

Webster Financial price target raised to $64 from $50 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Webster Financial (WBS) to $64 from $50 and keeps an Equal Weight rating on the shares. Midcap banks are trading at their widest discount to the largest banks in over 10 years, and the setup is positive going into earnings with green shoots on loan acceleration, benign credit and ongoing benefits to net interest income, the analyst tells investors in a research note.

Don’t Miss TipRanks’ Half-Year Sale

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1