Jefferies Reiterates a 'Buy' on Western Alliance Bancorporation (WAL); Still A Play on Growth/Credit Recovery

Jefferies reiterates a 'Buy' on Western Alliance Bancorporation (NYSE: WAL) price target of $11.00.

Analyst, Casey Haire, said, "We leave our estimates unchanged post inline 1Q results with our earnings forecast baking in continued revenue growth despite NIM compression and lighter credit costs given declining problem assets. We continue to like WAL as a play on both credit recovery and growth noting that valuation metrics remain compelling (10x 2013 vs. 12.5x peer group avg.) and there is potential for positive estimate revisions."

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 $8.81 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Jefferies Downgrades Sunway Healthcare Holdings (SUNMED:MK) to Hold
• Rubrik Inc (RBRK) PT Raised to $120 at Oppenheimer; Sees Another 'Beat and Raise'
• 'We expect salesforce.com (CRM) to capture a meaningful share of next-gen agentic workflows': Cantor