Wells Fargo analyst Jared Shaw lowered the firm’s price target on East West Bancorp to $80 from $85 and keeps an Overweight rating on the shares. While East West remains one of the best performers with sustainable profitability and record capital, the company expects slower growth after navigating industry disruption by holding higher on balance sheet cash and borrowings, the analyst tells investors in a research note.
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Published first on TheFly
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