DA Davidson raised the firm’s price target on Western Alliance (WAL) to $98 from $90 and keeps a Buy rating on the shares. The company’s upside report was overshadowed by the optics of significant other real estate owned growth, despite management’s professed confidence in resolving the assets without loss, and also the announced transition of CFO Dale Gibbons to the Chief Banking Officer role effective January 1, 2026, the analyst tells investors in a research note.
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Read More on WAL:
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