Analysts Offer Insights on Financial Companies: Western Alliance (NYSE: WAL), E*Trade Financial (NASDAQ: ETFC) and Ramco-Gershenson (NYSE: RPT)

By Austin Angelo

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Western Alliance (NYSE: WAL), E*Trade Financial (NASDAQ: ETFC) and Ramco-Gershenson (NYSE: RPT).

Western Alliance (NYSE: WAL)

Jefferies analyst Ken Usdin reiterated a Buy rating on Western Alliance (NYSE: WAL) on August 27 and set a price target of $57. The company’s shares closed yesterday at $47.79.

According to TipRanks.com, Usdin is a top 100 analyst with an average return of 16.5% and a 70.1% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Currently, the analyst consensus on Western Alliance is Strong Buy and the average price target is $58.58, representing a 22.6% upside.

In a report issued on August 18, SunTrust Robinson also initiated coverage with a Buy rating on the stock with a $59 price target.
E*Trade Financial (NASDAQ: ETFC)

Jefferies analyst Daniel Fannon reiterated a Hold rating on E*Trade Financial (NASDAQ: ETFC) yesterday and set a price target of $43. The company’s shares closed yesterday at $41.03, close to its 52-week high of $42.19.

According to TipRanks.com, Fannon is a top 100 analyst with an average return of 13.3% and a 75.8% success rate. Fannon covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Virtus Investment Partners, and Intercontinental Exchange.

E*Trade Financial has an analyst consensus of Moderate Buy, with a price target consensus of $43.83.

Ramco-Gershenson (NYSE: RPT)

Jefferies analyst Omotayo Okusanya reiterated a Buy rating on Ramco-Gershenson (NYSE: RPT) yesterday and set a price target of $16. The company’s shares closed yesterday at $13.12, close to its 52-week high of $19.67.

According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 6.3% and a 59.0% success rate. Okusanya covers the Financial sector, focusing on stocks such as Government Properties Income Trust, National Storage Affiliates Trust, and Retail Properties of America Inc.

Ramco-Gershenson has an analyst consensus of Hold, with a price target consensus of $14.38.

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