East West Bancorp price target raised to $76 from $72 at Piper Sandler

Piper Sandler raised the firm’s price target on East West Bancorp to $76 from $72 and keeps a Neutral rating on the shares following quarterly results. The firm expects shares to underperform the group on Wednesday based on slightly weaker than expected adjusted PPNR and FY24 guidance that compares unfavorably to consensus.