BofA lowered the firm’s price target on Western Alliance (WAL) to $98 from $100 and keeps a Buy rating on the shares. The firm lowered its FY25 and FY26 EPS estimates 0.9% and 1.7%, respectively, to $8.70 and $10.25, but adds that the stock’s discount valuation “looks particularly attractive” given its forecast, which implies about 18% average annual EPS growth for 2025 and 2026, or nearly twice the peer average.
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