DA Davidson Maintains Buy on Western Alliance, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Gary Tenner maintains a Buy rating on Western Alliance (NYSE:WAL) but lowers the price target from $85 to $78.

April 22, 2024 | 2:01 pm
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Western Alliance's Buy rating is maintained by DA Davidson, though the price target is reduced from $85 to $78.
The maintenance of a Buy rating suggests a positive outlook on Western Alliance by DA Davidson, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to revised earnings forecasts or market conditions. This mixed signal might lead to short-term uncertainty among investors, balancing out potential impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100