Wells Fargo upgraded Western Alliance (WAL) to Equal Weight from Underweight with a price target of $79, down from $83. The firm cites valuation for the upgrade with the recent selloff bringing Western Alliance closer to its tangible book value. After the bank’s recent missteps, the stock is undervalued, the analyst tells investors in a research note. Wells is also positive on Western Alliance’s new CFO.
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:
- Western Alliance price target lowered to $83 from $85 at Wells Fargo
- Western Alliance price target lowered to $90 from $100 at BofA
- Western Alliance: Idiosyncratic Credit Hit Creates Mispriced Risk-Reward, Supporting Buy Rating at 1.1x TBV
- JPM, BAC, WFC: Here’s Why Major Bank Stocks Are Sliding Today, 3/6/2026
- “$126M Payment Dispute” Sparks Western Alliance (WAL) Lawsuit Against Jefferies (JEF); Both Stocks Drop 10%