Truist Securities Maintains Buy on Western Alliance, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King has maintained a 'Buy' rating on Western Alliance (NYSE:WAL) but lowered the price target from $60 to $54.

September 27, 2023 | 4:29 pm
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Western Alliance's price target has been lowered from $60 to $54 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 upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100