Compass Point analyst David Rochester raised the firm’s price target on East West Bancorp (EWBC) to $125 from $110 and keeps a Buy rating on the shares. The firm has updated thoughts on bank M&A and the impact of Trump’s victory on bank valuation, stock price and EPS changes, the analyst tells investors.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EWBC:
- East West Bancorp downgraded to Equal Weight from Overweight at Stephens
- Trump Weekly: BofA says Trump policies ‘bullish’ for bank stocks
- East West Bancorp price target raised to $120 from $110 at Barclays
- Wells Fargo says dominant number one large cap bank remains Citigroup
- East West Bancorp price target raised to $120 from $105 at Wells Fargo