Truist Securities Maintains Buy on Western Alliance, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King maintains a Buy rating on Western Alliance (NYSE:WAL) but lowers the price target from $80 to $75.

April 22, 2024 | 4:26 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Western Alliance but lowers the price target from $80 to $75.
The adjustment in price target by Truist Securities reflects a slightly moderated but still positive outlook on Western Alliance. While the reduction in price target could imply a tempered expectation for the stock's short-term 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 digest the implications of a lower price target against the backdrop of a sustained Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100