UBS raised the firm’s price target on East West Bancorp to $66 from $61 and keeps a Buy rating on the shares. UBS thinks concerns related to the company’s exposure to China and a potential exit from the region are overdone, as the firm believes the Chinese bank subsidiary represents the only material source of capital that would be at risk in the event of East West exiting the region, and the China/Hong Kong operations account for just 4%-5% of total loans, the analyst tells investors in a research note.
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