Western Alliance price target raised to $82 from $70 at BofA

BofA raised the firm’s price target on Western Alliance to $82 from $70 and keeps a Buy rating on the shares. Western Alliance shares outperformed peers approximately about 150bp after reporting Q4 adjusted EPS of $1.91 vs BofA/consensus’ $1.91/$1.88 estimates, the firm said in a research note on Friday.