Sterne Agee Downgrades Webster Financial to “Neutral” (WBS)
Sterne Agee reported on Monday that it has downgraded financial services company Webster Financial Corporation (WBS).
The firm has lowered its rating on WBS from “Buy” to “Neutral.” The stock has already passed the firm’s previous $25 price target.
Webster Financial shares were down 16 cents, or 0.60% during Monday morning trading. The stock is up 30% YTD.
The Bottom Line
Shares of Webster Financial Corporation (WBS) have a 2.24% yield, based on Friday’s closing price of $26.82.
Webster Financial Corporation (WBS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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