Fly News Breaks for June 18, 2015
WBS, SAVE, LUV, NMBL, LMNS, CRI, RATE, ACGL
Jun 18, 2015 | 10:01 EDT
Today's noteworthy downgrades include: Arch Capital (ACGL) downgraded to Market Perform from Outperform at BMO Capital... Bankrate (RATE) downgraded on revenue headwinds at SunTrust... Carter's (CRI) downgraded to Neutral from Buy at Sterne Agee CRT... Lumenis (LMNS) downgraded to Market Perform from Outperform at Wells Fargo... Nimble Storage (NMBL) downgraded to Hold from Buy at Wunderlich... Southwest (LUV) downgraded to Underweight from Overweight at Barclays... Spirit Airlines (SAVE) downgraded to Neutral from Outperform at Credit... Webster Financial (WBS) downgraded to Underweight from Equal Weight at Morgan Stanley.
News For ACGL;RATE;CRI;LMNS;NMBL;LUV;SAVE;WBS From the Last 2 Days
WBS
Apr 24, 2024 | 05:35 EDT
Barclays analyst Jared Shaw lowered the firm's price target on Webster Financial to $65 from $70 and keeps an Overweight rating on the shares post the Q1 report. The company's loan and deposits trends struggled, pressuring spread, while credit costs are ticking higher, the analyst tells investors in a research note.
WBS
Apr 23, 2024 | 08:14 EDT
Webster Financial's 2024 full year outlook includes full year loan growth of about 5%, deposit growth of 5%-7%, full year net interest income of about $2.4B on a GAAP basis, excluding about $65M of FTE adjustments, assuming two Fed funds rate cuts beginning in September. Webster expects full year adjusted expenses to be in the range of $1.30B-$1.325B with an efficiency ratio in the low to mid 40% range, the company stated in Q1 earnings presentation slides.