These Analysts Revise Their Forecasts On Western Alliance After Q2 Results

Western Alliance Bancorporation (NYSE:WAL) reported better-than-expected earnings for the second quarter on Friday.

The company posted quarterly earnings of $2.07 per share which beat the analyst consensus estimate of $2.00 per share. The company reported quarterly sales of $845.900 million which beat the analyst consensus estimate of $838.721 million.

Western Alliance Bancorporation named Vishal Idnani as next Chief Financial Officer.

Western Alliance shares gained 0.6% to trade at $81.74 on Monday.

These analysts made changes to their price targets on Western Alliance following earnings announcement.

• Truist Securities analyst Brandon King maintained Western Alliance with a Buy and lowered the price target from $96 to $93.
• Wells Fargo analyst Timur Braziler maintained the stock with an Equal-Weight rating and lowered the price target from $90 to $85.
• Piper Sandler analyst Matthew Clark maintained Western Alliance with an Overweight rating and raised the price target from $94 to $105.

Considering buying WAL stock? Here’s what analysts think:

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