Hope Bancorp price target lowered to $9 from $10 at Wedbush

Wedbush lowered the firm’s price target on Hope Bancorp to $9 from $10 and keeps a Neutral rating on the shares. Hope Bancorp reported a mixed quarter with puts and takes being better than expected net interest income paired with period end non-interest bearing deposit growth, but lower than expected noninterest income, the firm notes.