Citi raised the firm’s price target on Western Alliance (WAL) to $104 from $95 and keeps a Neutral rating on the shares. The firm believes upcoming interest rate cuts by the Federal Reserve can serve as positive catalysts for regional bank valuations.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WAL:
- Western Alliance Declares Quarterly Cash Dividend
- Western Alliance’s Earnings Call Highlights Growth and Challenges
- Western Alliance price target raised to $98 from $90 at DA Davidson
- Western Alliance price target raised to $93 from $90 at RBC Capital
- Western Alliance price target raised to $105 from $94 at Piper Sandler