Analysts Conflicted on These Financial Names: Western Alliance (WAL), Allstate (ALL) and Citizens Financial (CFG)

Analysts have been eager to weigh in on the Financial sector with new ratings on Western Alliance (WAL – Research Report), Allstate (ALL – Research Report) and Citizens Financial (CFG – Research Report).

Western Alliance (WAL)

Citi analyst Ben Gerlinger maintained a Buy rating on Western Alliance yesterday and set a price target of $79.00. The company’s shares closed last Thursday at $55.74.

According to TipRanks.com, Gerlinger is a 3-star analyst with an average return of 6.9% and a 44.4% success rate. Gerlinger covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Pinnacle Financial Partners.

Western Alliance has an analyst consensus of Strong Buy, with a price target consensus of $77.67, a 39.9% upside from current levels. In a report issued on April 3, Barclays also maintained a Buy rating on the stock with a $91.00 price target.

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Allstate (ALL)

J.P. Morgan analyst Jimmy Bhullar maintained a Buy rating on Allstate yesterday. The company’s shares closed last Thursday at $169.11, close to its 52-week high of $174.57.

According to TipRanks.com, Bhullar is a 4-star analyst with an average return of 5.3% and a 55.9% success rate. Bhullar covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings.

Currently, the analyst consensus on Allstate is a Strong Buy with an average price target of $185.00, representing a 12.1% upside. In a report issued on April 8, Roth MKM also maintained a Buy rating on the stock with a $200.00 price target.

Citizens Financial (CFG)

In a report released yesterday, Vivek Juneja from J.P. Morgan maintained a Hold rating on Citizens Financial, with a price target of $36.50. The company’s shares closed last Thursday at $32.90.

According to TipRanks.com, Juneja is a 4-star analyst with an average return of 7.3% and a 50.0% success rate. Juneja covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, Fifth Third Bancorp, and Regions Financial.

Citizens Financial has an analyst consensus of Moderate Buy, with a price target consensus of $37.59, which is a 13.8% upside from current levels. In a report issued on April 8, Jefferies also maintained a Hold rating on the stock with a $36.00 price target.

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Read More on WAL:

• Western Alliance put volume heavy and directionally bearish
• WAL Earnings this Week: How Will it Perform?
• Western Alliance call volume above normal and directionally bullish
• Western Alliance price target lowered to $70 from $80 at Jefferies
• Western Alliance price target lowered to $81 from $82 at UBS