Western Alliance: Further Upside After S&P 400 Inclusion
WALWestern Alliance Bancorporation(WAL) Seeking Alpha·2024-09-11 20:30
lightkeyAfter facing pressures in early 2023 during the regional bank funding crisis, Western Alliance Bancorporation (NYSE:WAL) has recovered strongly. Shares are up 67% over the past year, sitting near a 52-week. Thanks to these gains on, September 23rd, Western Alliance will join the S&P 400 midcap index. I last covered WAL in April, and since then, shares have rallied 50%, far outpacing the market’s 10% gain. This has also pushed shares past my $70 price target. Given the magnitude of the rally, now ...