A recent analysis by Keefe Bruyette has resulted in a revised price target for WaFd (WAFD, Financial), reducing it from $32 to $30. This adjustment follows the company’s fiscal second-quarter report, reflecting ongoing challenges in achieving loan growth given the current economic environment.
Despite these hurdles, the firm maintains a Market Perform rating on WaFd shares. The company's strategy of active stock buybacks is noted as a positive move, providing support to the stock price and potentially stabilizing it amidst market fluctuations.
