Stephens raised the firm’s price target on Webster Financial (WBS) to $63 from $58 and keeps an Overweight rating on the shares following a Q3 earnings report that the firm called “solid,” featuring a consensus beat on better-than-expected net interest income as well as a reduced commercial real estate concentration via balance sheet restructuring. Post earnings, the firm has increased its 2025 and 2026 operating EPS estimates by 5% and 2% to $5.50 and $6.62, respectively, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBS:
- Webster Financial price target raised to $65 from $55 at Seaport Research
- Webster Financial price target raised to $59 from $52 at Wedbush
- Webster Financial price target raised to $63 from $60 at Barclays
- Webster Financial rises 11.0%
- Uber said to consider Expedia bid, CSX posts Q3 miss: Morning Buzz