** Brokerage Raymond James cuts PT on regional lender Webster Financial
** Cites conservative net interest margin and growth outlook
** Says the recent flattening of the yield curve weighs slightly on estimates
** "We reduced our 1H25 loan growth forecasts given borrowers are exercising more caution in the current environment, reducing our 2025 loan growth estimate to 4.1% (from 5.1%)," says brokerage
** New PT still implies ~14.3% upside to stock's last closing price of $50.73
** Thirteen brokerages rate stock "buy" or higher, and 2 "hold"; median PT is $68.5 - data compiled by LSEG
** As of last close, WBS stock down 8.1% YTD compared to a 4.2% decline in the S&P 500 .SPX
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com; ))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.