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Fly News Breaks for October 23, 2018
WAL
Oct 23, 2018 | 08:06 EDT
SunTrust analyst Michael Young lowered his price target on Western Alliance to $63 to reflect the contraction in industry multiples but also keeps his Buy rating after the bank's Q3 results. The analyst notes that Western Alliance posted better net interest income growth than its peers thanks to a lower loan to deposit ratio and expects its net interest margins to remain supported.
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WAL
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