Western Alliance (WAL) Makes Up for an Interesting Investment Case

Group 1 - Western Alliance Bancorporation (NYSE:WAL) is recognized as one of the best financial pure plays under $100 according to hedge funds [1] - Barclays analyst Jared Shaw has reaffirmed a Buy rating for Western Alliance Bancorporation and raised the price target from $112 to $115, indicating a potential upside of nearly 36% [1][2] - As of December 30, Western Alliance Bancorporation has received coverage from 10 analysts, with 9 Buy ratings and 1 Sell rating, leading to a consensus target price of $102.88, which implies a nearly 22% upside for investors [3] Group 2 - Western Alliance Bancorporation operates within the commercial and consumer banking segment, providing services such as commercial loans, asset-based lending, equipment finance, personal checking accounts, and IRA savings [4] - The bank also supports small businesses through mobile and online banking, business credit cards, and loans [4] - Shaw's optimistic forecast for Western Alliance is based on a higher level of differentiation in loan growth and anticipated expansion of book value in the coming year [2]