Barclays raised the firm’s price target on Webster Financial (WBS) to $77 from $72 and keeps an Overweight rating on the shares as part of a Q2 earnings preview for the mid-cap banks. The firm believes valuations in the group still largely underappreciate an improving operating and regulatory backdrop.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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 $65 from $58 at Raymond James
- Webster Financial price target raised to $64 from $50 at Morgan Stanley
- Webster Financial names new Chief Risk Officer and board member
- Webster Financial Appoints New Board Member and CRO
- Webster Financial price target raised to $65 from $55 at JPMorgan