Compass Point raised the firm’s price target on East West Bancorp to $88 from $83 and keeps a Buy rating on the shares. The firm says the more asset sensitive names in its bank coverage could see greater-relative support near-term were inflation indicators to continue to point to a higher-for-longer interest rate backdrop.
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Read More on EWBC:
- Barclays Taps 3 Mid-Cap Bank Stocks for up to 50% Upside Potential
- East West Bancorp initiated with an Overweight at Barclays
- East West Bancorp Investor Presentation Sharing Update
- East West Bancorp price target raised to $89 from $76 at Morgan Stanley
- East West Bancorp price target lowered to $83 from $84 at Compass Point
