William Blair analyst Jed Dorsheimer downgrades ON Semiconductor (NASDAQ:ON) from Outperform to Market Perform.
Western Alliance Bancorp Shares Flying 40% Higher; Bank Issues Mid-Quarter Update After SVB Collapse
Shares of Western Alliance Bancorporation (NYSE: WAL) took a beating on Monday, as did other banking stocks, after the Silicon Valley Bank failure.
The bank’s mid-quarter update shows strong financials, according to Wedbush.