Truist Securities Maintains Buy on Western Alliance, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Brandon King has maintained a 'Buy' rating on Western Alliance (NYSE:WAL) but lowered the price target from $65 to $50.
June 29, 2023 | 4:01 pm
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NEUTRAL IMPACT
Western Alliance's price target has been lowered from $65 to $50 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100