Western Alliance Bancorporation (WAL) PT Raised to $78 at RBC Capital

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Go back to Western Alliance Bancorporation (WAL) PT Raised to $78 at RBC Capital

Wells Fargo sidelined on Western Alliance (WAL) as guidance leaves 'little room for error'

January 30, 2024 11:46 AM EST

Wells Fargo downgraded Western Alliance Bancorporation (NYSE: WAL) to an Equal Weight rating (From Overweight) and raised their 12-month price target for the stock to $72.00 (From $62.00) as analysts see a limited margin for error based on the companys current results and guidance.

Our view that WAL would show better-than-expected deposit resiliency post-SVB has played out. Now, current expectations leave little room for error on 1) Costs, 2) Credit, and 3)... More