Wells Fargo Maintains Overweight Rating for Western Alliance: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of Western Alliance WAL and lower its price target from $90.00 to $65.00.

Shares of Western Alliance are trading up 40.62% over the last 24 hours, at $36.73 per share.

A move to $65.00 would account for a 76.97% increase from the current share price.

About Western Alliance

Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans, mainly for real estate. The bank also has an investment advisory business that manages investment portfolios for Western clients and clients of other banks.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.