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Western Alliance price target raised to $105 from $100 at JPMorgan

JPMorgan analyst Anthony Elian raised the firm’s price target on Western Alliance (WAL) to $105 from $100 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the small- and mid-cap banks. It expects bank fundamental trends to be highlighted by solid loan and deposit growth as well as increasing net interest margins.

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