FBR Capital Upgrades Webster Financial (WBS) to Market Perform
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FBR Capital upgrades Webster Financial Corp. (NYSE: WBS) from Underperform to Market Perform and raises their price target from $6 to $8, citing improvement in its capital following its relatively successful preferred and TRUPs tender offer.
Webster Financial Corporation operates as the holding company for the Webster Bank that provides business and consumer banking, mortgage lending, financial planning, and trust and investment services to individuals, families, and businesses.
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