truist analyst brandon king cut stock price targets and earnings estimates for a host of banks on expectations that net interest margins will fall loan growth will slow and credit costs will increase “we continue to forecast a recession later this year with incrementally higher ncos net charge offs provisioning and reserve levels” king wrote in a note to clients he believes continued credit tightening by the federal reserve will put further pressure on deposit flows and pricing “we are also anticipating less excess liquidity deployment as banks keep more balance sheet liquidity on hand” king wrote among the biggest percentage cuts to stock price targets pacwest bancorp’s pacw was cut to 13 from 29 while the bank’s earningspershare estimate was dropped to 145 from 327 elsewhere stock price targets for western alliance bancorp wal was lowered to 50 from 86 for zions bancorp zion was decreased to 35 from 59 and for comerica inc cma was cut down to 54 from 78 meanwhile the spdr sp regional banking exchangetraded fund bounced 23 in premarket trading thursday after slumping 57 on wednesday the etf has tumbled 294 so far this month through wednesday while the sp 500 spx has lost 08