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Fly News Breaks for June 18, 2015
WBS
Jun 18, 2015 | 08:02 EDT
Morgan Stanley downgraded Webster Financial to Underweight and increased its price target to $36 from $34. The firm believes the bullish expectations for the health savings account business is reflected in valuation and in-line earnings growth and profitability will result in multiple compression.
News For WBS From the Last 2 Days
WBS
Apr 24, 2024 | 07:13 EDT
WBS
Apr 24, 2024 | 06:37 EDT
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.
