Barclays Starts Western Alliance Bancorporation (WAL) at Overweight

February 14, 2017 2:48 AM EST
Get Alerts WAL Hot Sheet
Price: $95.11 --0%

Rating Summary:
    16 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 9 | New: 23
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Barclays initiates coverage on Western Alliance Bancorporation (NYSE: WAL) with a Overweight rating and a price target of $58.00.

Analyst Matthew Keating comments "Population growth projections and household income in WAL’s core footprint are well above national averages. Due to industry consolidation, there are only a few banks its size left in its footprint. WAL’s combination of the sophisticated product set of large banks and the high client service levels of small banks should allow it to continue taking share from the big bureaucratic banks operating in its metropolitan markets."

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 $50.96 yesterday.

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