Jefferies Maintains Buy on Western Alliance, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Casey Haire maintains a Buy rating on Western Alliance (NYSE:WAL) but lowers the price target from $80 to $70.

April 08, 2024 | 7:38 pm
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NEUTRAL IMPACT
Jefferies maintains a Buy rating on Western Alliance but lowers the price target from $80 to $70.
While the reduction in price target from $80 to $70 by Jefferies could suggest a tempered outlook on Western Alliance's stock performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100