Truist raised the firm’s price target on East West Bancorp (EWBC) to $101 from $93 and keeps a Buy rating on the shares after its Q3 earnings beat. This was a solid quarter for the bank amid evidence of deposit repricing momentum to limiting net interest margin compression over the next few quarters, the analyst tells investors in a research note. Loan growth was within expectations, and the management’s outlook is also “relatively unchanged”, the firm added.
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