Jefferies Boosts Price Target on Western Alliance (WAL), Sees Valuation Gap With Peers Closing

Jefferies raised its price target on Western Alliance Bancorporation (NYSE: WAL) from $8.50 to $9.50 following "solid" Q4 results. The firm reiterated their Buy rating.

Despite consistently outperforming peers the stocks continues to trade at a significant discount. Jefferies expects this valuation gap to close as management works through lingering credit issues, specifically OREO exposures.

For an analyst ratings summary and ratings history on Western Alliance Bancorporation click here. For more ratings news on Western Alliance Bancorporation click here.

Shares of Western Alliance Bancorporation closed at $7.87 yesterday, with a 52 week range of $4.44-$8.45.

---

Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!

You May Also Be Interested In

• Barclays Cuts PT and Estimates on Dell (DELL); Apple's (AAPL) Momentum Proves Disrupting
• UBS Raises Price Target and Estimates on Williams-Sonoma (WSM); Positive Momentum Is Beginning To Pick Up
• Barclays Attends Total System Services' (TSS) Analyst Day: Three Signs For Additional Upside

Create E-mail Alert Related Categories

Analyst Comments

Related Entities

Jefferies & Co

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter