Western Alliance price target lowered to $88 from $90 at Barclays

Barclays lowered the firm’s price target on Western Alliance (WAL) to $88 from $90 and keeps an Overweight rating on the shares. The firm adjusted targets in the mid-cap bank group as part of a Q1 preview. Loan growth and net interest income trends “look strong” but Barclays has more questions around credit relative to the start of the year as energy prices, AI disruption, and layoff activity “inject uncertainty,” the analyst tells investors in a research note.