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Truist Securities analyst David Smith maintains Western Alliance (NYSE:WAL) with a Buy and raises the price target from $90 to $93.
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WaFd, Inc. announced a planned merger with EverBank Financial Corp, expected to close in early 2027. The deal is projected to deliver 29% EPS accretion in 2027, improve funding stability through combined deposit bases, and expand commercial banking and wealth management capabilities. The combined company will be renamed EverBank Financial Corp with legacy EverBank investors owning 59.2% and WaFd shareholders holding 40.8%.
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Wells Fargo analyst Terry McEvoy maintains Western Alliance (NYSE:WAL) with a Equal-Weight and raises the price target from $79 to $90.
TD Cowen analyst Janet Lee maintains Western Alliance (NYSE:WAL) with a Hold and raises the price target from $89 to $90.