Wells Fargo raised the firm’s price target on Western Alliance (WAL) to $102 from $92 and keeps an Equal Weight rating on the shares as part of a broader research note on mid-cap banks. The firm is adjusting its price targets on the sector, reflecting the current environment, also noting that its valuation methodology is now favoring earnings while moving away from tangible book value.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WAL:
- Trump Trade: Tesla upgraded with ‘world changed,’ BofA sees investor optimism
- Western Alliance price target raised to $102 from $97 at BofA
- Western Alliance price target raised to $107 from $105 at Barclays
- SPY ETF Update, 10/22/2024
- Western Alliance price target lowered to $105 from $110 at Barclays