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Fly News Breaks for April 24, 2019
WAL
Apr 24, 2019 | 07:50 EDT
Wells Fargo analyst Timur Braziler raised his price target for Western Alliance to $58 from $53 after the company posted "the strongest quarter" of anyone in his coverage group, highlighted by excellent balance sheet trends, 20%-plus annualized tangible book value, and 20%-plus return on tangible common equity. The analyst reiterates an Outperform rating on the shares as he does not see material near-term risk threatening his 20%-plus annual growth estimates through 2020.
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