Jefferies Starts Western Alliance Bancorporation (WAL) at Buy
Tweet
Share
E-mailGet Alerts WAL Hot Sheet
Price: $79.67 +0.66%
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Jefferies initiates coverage on Western Alliance Bancorporation (NYSE: WAL) with a Buy rating and $8.50 price target.
The firm states, "We like WAL as a risk/reward play on credit recovery and decent growth prospects as the company continues to gain share in a weaker and more rational competitive landscape post-cycle. Despite a challenged economic footprint, we believe WAL will continue to grow the franchise and reduce credit costs, which will allow shares to retrace recent underperformance."
For more ratings news on Western Alliance Bancorporation click here and for the rating history of Western Alliance Bancorporation click here.
Shares of Western Alliance Bancorporation closed at $6.83 yesterday.
The firm states, "We like WAL as a risk/reward play on credit recovery and decent growth prospects as the company continues to gain share in a weaker and more rational competitive landscape post-cycle. Despite a challenged economic footprint, we believe WAL will continue to grow the franchise and reduce credit costs, which will allow shares to retrace recent underperformance."
For more ratings news on Western Alliance Bancorporation click here and for the rating history of Western Alliance Bancorporation click here.
Shares of Western Alliance Bancorporation closed at $6.83 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Needham Starts Faeth Therapeutics (FTH) at Buy
- DA Davidson Starts Comfort Systems USA (FIX) at Buy
- Baird Starts Eaton Corporation (ETN) at Outperform
Create E-mail Alert Related Categories
New CoverageRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
