Keefe Bruyette upgraded Hanmi Financial to Outperform from Market Perform with a price target of $22, up from $20. Lower interest rates are helpful for Hanmi, the analyst tells investors in a research note. The firm says that at current valuations, downside risk is mostly baked in and upside is “fairly attractive.”
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Read More on HAFC:
- Hanmi Financial price target lowered to $21 from $22 at Wedbush