DA Davidson analyst Gary Tenner raised the firm’s price target on Western Alliance to $64 from $52 and keeps a Buy rating on the shares. Shares significantly outperformed following its Q2 earnings report, and the firm thinks Western Alliance will continue to outperform over the near-term with its continued and rapid balance sheet response to the industry’s liquidity issues, strong core deposit inflows, and solid profitability projections, the analyst tells investors in a research note.
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