Wells Fargo lowered the firm’s price target on Western Alliance (WAL) to $85 from $90 and keeps an Underweight rating on the shares. The firm sees unfavorable reward-to-risk at a time when there are plenty of other regionals that offer similar profitability and valuation, without the potential extra downside beta.
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Read More on WAL:
- Western Alliance: Strong Q3 Performance and Optimistic 2025 Outlook Support Buy Rating
- Western Alliance price target lowered to $95 from $100 at Keefe Bruyette
- Western Alliance Bancorporation Reports Strong Q3 Results
- Western Alliance Bancorporation Reports Strong Earnings Amid Challenges
- Western Alliance says evaluating issuance of subordinated debt