RBC Capital raised the firm’s price target on Western Alliance (WAL) to $93 from $90 and keeps an Outperform rating on the shares. Quarterly results were driven by consistent balance sheet growth and solid revenue trends against managed expense growth, the analyst tells investors in a research note. The firm sees the outlook as consistent, and management is positioning the franchise for peer leading growth over the longer term.
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Read More on WAL:
- Western Alliance price target raised to $105 from $94 at Piper Sandler
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