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US NEWS | Fri, 21 Jan 2022, 7:42AM ET

Raymond James analyst William J. Wallace IV (RJA) on Friday upgraded shares of Webster Financial Corp. to strong buy from outperform and increased his price target to $73 from $65. The integration of the bank's $5 billion acquisition of Sterling Bancorp should drive upside after it closes as expected in February, he said. Webster Financial's fourth-quarter core loan growth, excluding PPP loans, came in at 4.3% as "the biggest highlight" from its results. The fourth quarter marked the third consecutive quarter with loan growth above 2.5%. Wallace said the loan growth figures give him increased confidence in management's targeted 8% to 10% adjusted loan growth target. "All in, our thesis remains unchanged, where we believe cost and growth targets from the Sterling deal are attainable, and the financial merits of the deal are being mispriced," he said. Shares of Webster Financial are up 9.8% so far in 2022, compared to a drop of about 6% by the S&P 500.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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US MARKET | Fri, 21 Jan 2022, 7:41AM ET This is a Real-time headline.

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GLOBAL NEWS | Fri, 21 Jan 2022, 7:37AM ET IG Metall, the German union that represents autoworkers, said a vote for a works council, which helps set factory policies, had been scheduled for Feb. 28.

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US MARKET | Fri, 21 Jan 2022, 7:34AM ET This is a Real-time headline.

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US BUSINESS | Fri, 21 Jan 2022, 7:29AM ET The lithium used to make electric-vehicle batteries is getting dear. But that is actually only the leading edge of the supply chain problem.

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US NEWS | Fri, 21 Jan 2022, 7:25AM ET

Tempur Sealy International Inc. said Friday that it is launching Sealy Naturals, an eco-friendly line of mattresses. Coming in the summer, the Naturals line is made from responsibly-sourced materials including wool, hemp, organic cotton and natural latex. Prices will start at $3,499 for a queen-sized mattress, which will come in firm, soft and medium options. Sealy Naturals will be a collection of hybrid mattresses with both an innerspring and latex design. Tempur Sealy stock has rallied 37.6% over the past year, outpacing the S&P 500 index , which is up 16.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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US MARKET | Fri, 21 Jan 2022, 7:25AM ET Despite a recent pullback, the crypto market has still generated incredible wealth. In fact, the collective value of all crypto assets totals about $2 trillion, up about 100% during the past year and almost 800% in the past two years. After that unprecedented performance, it make

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US MARKET | Fri, 21 Jan 2022, 7:22AM ET People's United Financial Inc (Symbol: PBCT) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.8% yield, as well as a superb track record of at least two decades of dividend growth

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US MARKET | Fri, 21 Jan 2022, 7:21AM ET This is a Real-time headline.

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US MARKET | Fri, 21 Jan 2022, 7:20AM ET Investing in unloved stocks can be daunting. Taking the less-traveled path and avoiding the popular, mega-cap names like Microsoft and Apple to go after stocks the market doesn't seem to favor can bring more risk and uncertainty to your portfolio. But if you buy quality businesse

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US MARKET | Fri, 21 Jan 2022, 7:18AM ET The pandemic has changed the way a lot of consumers shop. Though e-commerce was gaining traction for many years prior to the COVID-19 outbreak, digital sales have really exploded from mid-2020 onward as health concerns have kept shoppers away from physical stores.

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US MARKET | Fri, 21 Jan 2022, 7:16AM ET This is a Real-time headline.

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US MARKET | Fri, 21 Jan 2022, 7:15AM ET Even with the S&P 500 down by more than 4% to start this year, it's difficult to make the case that the index is a bargain given its forward price-to-earnings ratio of 22.4. However, not all stocks in the index are priced at such a rich premium.

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US MARKET | Fri, 21 Jan 2022, 7:15AM ET This is a Real-time headline.

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US MARKET | Fri, 21 Jan 2022, 7:14AM ET This is a Real-time headline.

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US MARKET | Fri, 21 Jan 2022, 7:13AM ET This is a Real-time headline.

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US MARKET | Fri, 21 Jan 2022, 7:13AM ET This is a Real-time headline.

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