Compass Point Comments On People's United Financial (PBCT)

Compass Point Research & Trading provided color on People's United Financial PBCT in a research report published today. Compass Point has previously given People's United Financial a Neutral rating and $14 price target. In the report, Compass Point states, " As one of our primary concerns has been an increasing cost trajectory due to recent acquisitions, the lower than expected costs provide confidence that they will be able to reign in their higher than average cost base." Shares of People's United Financial were trading at $13.34 at the time of posting, up 1.06% from Thursday's market close.