Keefe Bruyette analyst Christopher McGratty raised the firm’s price target on Webster Financial (WBS) to $79 from $77 and keeps an Outperform rating on the shares. The new price target reflects the proposed exchange ratio for the acquisition by Santander (SAN), the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBS:
- Webster Financial downgraded to Neutral from Buy at Citi
- KBWR vs. IAT vs. KRE: Which Regional Bank ETF Pays the Highest Dividends in 2026?
- Webster Financial downgraded to Market Perform from Outperform at Raymond James
- Webster Financial to Be Acquired by Banco Santander
- Webster Financial downgraded to Equal Weight from Overweight at Wells Fargo