Western Alliance price target raised to $83 from $62 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Western Alliance to $83 from $62 and keeps a Hold rating on the shares post the Q2 report. The company reported an earnings beat versus consensus “but there were a number of lumpy items included in the results,” the analyst tells investors in a research note. Excluding these items, core earnings per share of $1.69 was about in-line with consensus, the firm says.