RBC Capital Maintains Outperform on Western Alliance, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Jon Arfstrom maintains an Outperform rating on Western Alliance (NYSE:WAL) but lowers the price target from $78 to $76.
April 22, 2024 | 4:12 pm
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NEUTRAL IMPACT
Western Alliance's Outperform rating is maintained by RBC Capital, though the price target is reduced from $78 to $76.
The adjustment in price target by RBC Capital reflects a slight change in valuation expectation for Western Alliance, though the Outperform rating indicates continued confidence in the company's performance. This could lead to mixed reactions in the short term, as investors weigh the reduced price target against the maintained positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100