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Fly News Breaks for January 24, 2020
WBS
Jan 24, 2020 | 06:34 EDT
Stephens analyst Matt Breese upgraded Webster Financial to Equal Weight from Underweight with a price target of $46.50, up from $44. The analyst says his thesis has played out with the company's net interest margin down 20 basis points. There is less NIM risk from here with the Federal Reserve expected to cut rates just one more time in 2020, Breese tells investors in a research note. He believes Webster's net interest income can stabilize in 2020 and grow in 2021.
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.
