WaFd price target lowered to $30 from $32 at Keefe Bruyette

Keefe Bruyette analyst Kelly Motta lowered the firm’s price target on WaFd (WAFD) to $30 from $32 and keeps a Market Perform rating on the shares post the fiscal Q2 report. While loan growth is a challenge in this macro backdrop, WaFd’s active buyback “helps put a floor in the stock,” the analyst tells investors in a research note.