Keefe Bruyette raised the firm’s price target on Webster Financial to $62 from $57 and keeps an Outperform rating on the shares. The firm is raising 2024 and 2025 estimates by 1% and 2%, respectively, to reflect the Ametros acquisition announced last week, calling the tuck-in deal “another thoughtful/balanced use of capital management.”
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- Webster Financial price target raised by $7 at Piper Sandler, here’s why
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- Webster Financial to acquire Ametros Financial, terms not disclosed
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- Webster Financial files automatic mixed securities shelf
