Webster Financial price target raised to $78 from $77 at Barclays

Barclays raised the firm’s price target on Webster Financial (WBS) to $78 from $77 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the mid-cap banks. Loan growth and deposit cost control should help drive earnings beats and positive guidance revisions, the analyst tells investors in a research note. Barclays believes another quarter of “clean credit” and good balance sheet trends “could pull investors off the sidelines.”