Raymond James cuts Webster Financial PT on conservative growth outlook

Brokerage Raymond James cuts PT on regional lender Webster Financial to $58 from $65

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