Piper Sandler analyst Mark Fitzgibbon raised the firm’s price target on Webster Financial to $53 from $50 and keeps an Overweight rating on the shares. The integration of Sterling Bancorp appears “worth the wait,” the analyst tells investors in a research note.
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Read More on WBS:
- Webster Financial raises prime rate to 8.50% from 8.25%, effective July 27
- Webster Financial price target raised to $50 from $40 at Wedbush
- Webster Financial price target raised to $53 from $51 at RBC Capital
- Webster Financial sees Fy23 loan growth 4%-6%, core deposit growth 8%-10%
- Webster Financial reports Q2 adjusted EPS $1.50, consensus $1.47