Piper Sandler raised the firm’s price target on Western Alliance (WAL) to $116 from $115 and keeps an Overweight rating on the shares. The firm expects profitability to improve as PPNR continues to grow with organic growth, rate related relief in ECR deposit costs, and a potential increase in mortgage banking revenue that is not embedded in its FY25 guidance.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WAL:
- Western Alliance Bancorporation Earnings Call Highlights
- Western Alliance price target lowered to $106 from $110 at DA Davidson
- Western Alliance Bancorporation Reports Strong 2024 Earnings
- Closing Bell Movers: Graco down 5% as earnings, guidance miss
- Western Alliance reports Q4 EPS $1.95, consensus $1.92
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue