Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

Western Alliance Bancorporation (WAL.N)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (US$)	Price Target (US$)	Rating
2022-02-15	98.04	145.00	Buy
2022-04-01	80.73	137.00	Buy
2022-04-25	80.20	141.00	Buy
2022-06-24	74.45	-	No Rating
2023-03-15	32.35	85.00	Buy
2023-04-10	30.66	62.00	Buy
2023-04-20	39.55	67.00	Buy
2023-07-10	38.22	61.00	Buy
2023-07-20	48.50	66.00	Buy
2023-09-28	44.89	62.00	Buy
2024-01-08	64.66	82.00	Buy
2024-04-04	60.19	81.00	Buy
2024-04-22	58.67	79.00	Buy
2024-07-08	61.15	74.00	Buy
2024-07-22	77.19	90.00	Buy
2024-10-02	83.02	98.00	Buy
2024-12-16	91.09	115.00	Buy
2025-04-09	68.54	104.00	Buy
2025-05-07	71.41	100.00	Buy

Disclosures

This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-investment banking securities-related services are being, or have been, provided.
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-securities services are being, or have been, provided.
Within the past 12 months, UBS has received compensation for products and services other than investment banking services from this company/entity.
UBS Securities LLC makes a market in the securities and/or ADRs of this company.
Because this security exhibits higher-than-average volatility, the FSR has been set at 25% above the MRA for a Buy rating, and at -25% below the MRA for a Sell rating (compared with 6/-6% under the normal rating system).
UBS holds a long or short position of 0.5% or more of the listed shares of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.