BofA lowered the firm’s price target on Western Alliance (WAL) to $86 from $90 and keeps a Buy rating on the shares. The firm reduced price targets among its regional banks by 3% on average to reflect lower multiples on increased EPS uncertainty and a rising cost of equity.
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Read More on WAL:
- Western Alliance price target lowered to $89 from $100 at RBC Capital
- Western Alliance price target lowered to $88 from $90 at Barclays
- Western Alliance downgraded to Neutral from Buy at UBS
- Western Alliance price target lowered to $94 from $108 at Piper Sandler
- Western Alliance price target lowered to $77 from $105 at JPMorgan