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Western Alliance price target lowered to $80 from $95 at Wells Fargo

Wells Fargo lowered the firm’s price target on Western Alliance (WAL) to $80 from $95 and keeps an Equal Weight rating on the shares. While long-term uncertainty has certainly increased, the recent pullback in the space presents a near-term opportunity as EPS results remain steady, credit is still okay, and expectations are once again really low.

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