Webster Financial price target raised to $63 from $60 at Barclays

Barclays analyst Jared Shaw raised the firm’s price target on Webster Financial (WBS) to $63 from $60 and keeps an Overweight rating on the shares. The bank’s Q3 results held better than expected trends in net interest income as loan and deposit growth were positives, the analyst tells investors in a research note. While credit risk ratings continue to normalize, the backdrop for borrowers has improved and loss content has been well contained, says the firm.