Western Alliance collects gains in premarket after UBS Buy rating initiation

Mar. 15, 2023 5:43 AM ETWestern Alliance Bancorporation (WAL)By: Khyathi Dalal, SA News Editor4 Comments

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  • Western Alliance Bancorporation (NYSE:WAL) trades ~7% higher in premarket trade after UBS initiated coverage of the stock with a Buy rating with a price target of $85.
  • The rating agency indicates that market was mis-pricing WAL's earnings power.

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