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Fly News Breaks for November 9, 2017
WBS
Nov 9, 2017 | 09:29 EDT
Morgan Stanley analyst Ken A Zerbe said his key takeaway from Webster Financial's investor day was that the bank is "solid" with stable and consistent operating performance. However, given its peer-average EPS growth, he continues to think the stock's high valuation cannot be justified and he keeps an Underweight rating on the shares with a $47 price target.
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.
