JP Morgan Maintains Outperform for People's United Financial (PBCT)

JP Morgan small- and mid-cap banks analysts Steven Alexopoulos, Preeti Dixit, and Jared Baker reiterated an Overweight rating for People's United Financial

. The analysts said, "With over $2 billion of excess capital on hand following 2Q capital actions, and management stepping up efforts to monetize the value of excess capital, we maintain our Overweight rating and would recommend buying the shares ahead of the call." JP Morgan currently gives People's United Financial an $18.00 price target. Shares are currently trading at $14.15.