DA Davidson: Pacwest Bancorp (NASDAQ:PACW) presents a buying opportunity with its price target cut to $29
D.A. Davidson analysts Gary Tenner and Clark Wright said the Silicon Valley bank bankruptcy is a buying opportunity for PacWest (NASDAQ:PACW) stock. “We think last week’s sell-off provides a more attractive buying point for investors, especially after the Fed’s announcement on Sunday of the launch of the Bank’s Term Financing Program (BTFP),” the analyst said. “Analysts upgraded the stock to Buy and lowered its price target to $29.