Webster Financial price target raised to $73 from $65 at Raymond James

Raymond James raised the firm’s price target on Webster Financial (WBS) to $73 from $65 and keeps an Outperform rating on the shares. Management commentary points to improving loan demand, prompting a modest increase in forward loan growth expectations to the mid-to-high single digits, though tighter spreads and funding competition are likely to pressure net interest margin in the near-term., the analyst tells investors in a research note.