Wedbush analyst David Chiaverini raised the firm’s price target on East West Bancorp to $62 from $60 and keeps a Neutral rating on the shares. East West reported a mixed quarter, with essentially unchanged average deposits and period-end deposits declined only 2% sequentially, but overall guidance was reduced following March’s disruption, the analyst tells investors in a research note.
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Read More on EWBC:
- East West Bancorp reports Q1 adjusted EPS $2.32, consensus $2.20
- East West Bancorp (EWBC) Q1 Earnings Cheat Sheet
- East West Bancorp price target lowered to $65 from $88 at Morgan Stanley
- East West Bancorp price target lowered to $64 from $85 at Truist
- East West Bancorp initiated with a Neutral at UBS