Fly News Breaks for October 28, 2019
Oct 28, 2019 | 16:31 EDT
Stephens analyst Matt Breese initiated coverage of Webster Financial with an Underweight rating and $42 price target. He views the bank as "one of the most asset sensitive" in the Northeast and he sees a challenging 12-18 months ahead given net interest margin and earnings headwinds that include the expectation for two additional Fed cuts over the next year.
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