Keefe Bruyette downgraded WaFd (WAFD) to Market Perform from Outperform with an unchanged price target of $40. The firm believes it may be a few quarters before the bank’s net interest income growth story “really shines through as loan pipelines build back up.” It believes the shares are now fairly valued.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WAFD:
Questions or Comments about the article? Write to editor@tipranks.com