Western Alliance cut to Underweight at Wells Fargo on recent outperformance (WAL:NYSE)
Wells Fargo Securities on Monday downgraded Western Alliance Bancorporation (NYSE:WAL) stock to Underweight from Equal Weight on the premise there is limited room for additional outperformance. "Shares have re-rated back to their historical 2x PE discount over the last 3-months, outperforming the ...