Truist analyst John McDonald raised the firm’s price target on Western Alliance (WAL) to $98 from $93 and keeps a Buy rating on the shares. Bank earnings season begins next week, and SMID regional banks, having underperformed large banks in 2025, could benefit from curve steepening, resumed share buybacks, organic growth, and attractive valuation gaps to regain lost ground, the analyst tells investors in a research note.
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