Truist Securities Maintains Buy Rating for Western Alliance: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has reaffirmed its Buy rating on Western Alliance (NYSE:WAL) and increased its price target from $60.00 to $80.00. Despite a slight 0.48% decline in WAL shares over the last 24 hours to $65.98, the new price target suggests a potential upside of 21.25%. Western Alliance Bancorporation, based in Las Vegas, operates regional banks and offers retail banking, mortgages, commercial loans, and investment advisory services.
December 15, 2023 | 5:00 pm
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Truist Securities maintains a Buy rating on Western Alliance and raises the price target from $60 to $80, indicating a potential 21.25% increase from the current price.
The reaffirmation of a Buy rating and an increased price target by Truist Securities is a strong positive signal to the market, often leading to increased investor confidence and potential stock price appreciation. The 21.25% potential upside is significant, and such analyst actions typically result in short-term positive momentum for the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100