Western Alliance Bancorporation (WAL) Tops Q1 EPS by 4c

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Go back to Western Alliance Bancorporation (WAL) Tops Q1 EPS by 4c

Piper Jaffray Raises Price Target on Western Alliance Bancorporation (WAL) to $42.50; Reiterates Overweight

April 25, 2016 8:54 AM EDT

Piper Jaffray maintained an Overweight rating on Western Alliance Bancorporation (NYSE: WAL), and raised the price target of $42.50 (from $41.00), after adjusting estimates.

Analyst Brett Rabatin commented, "We are raising our FY16/17E to $2.60 (+$0.03) and $02.93 (+$0.02), respectively, as well as establishing an FY18E of $3.23.... More