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.
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