Mar. 7 at 5:19 PM
$WAL Western Alliance price target lowered to
$83 from
$85 at Wells Fargo
Wells Fargo analyst Christopher Spahr lowered the firm's price target on Western Alliance to
$83 from
$85 and keeps an Underweight rating on the shares. Wells views the bank's
$126M loss including First Brands receivables as a "headscratcher" given the company's response, timing, and prior disclosures. The firm points out its question was not taken on the conference call. The analyst reduced estimates for Western Alliance.
