East West Bancorp price target raised to $96 from $80 at Truist

Truist raised the firm’s price target on East West Bancorp to $96 from $80 and keeps a Buy rating on the shares as part of a broader research note recapping Q2 results in Community/Regional banks. This was a solid quarter for the bank as credit quality deteriorated slightly along with an intact net interest income trajectory that likely results in sequential increases through 2025, the analyst tells investors in a research note. Loan growth was also within expectations, Truist added.