Truist Securities Maintains Buy on East West Bancorp, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jennifer Demba maintains a 'Buy' rating on East West Bancorp (NASDAQ:EWBC) but lowers the price target from $68 to $62.

September 27, 2023 | 4:37 pm
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NEUTRAL IMPACT
East West Bancorp's price target has been lowered from $68 to $62 by Truist Securities, though the 'Buy' rating is maintained.
The news directly pertains to East West Bancorp as its price target has been lowered by Truist Securities. However, the 'Buy' rating is maintained which indicates a positive outlook for the stock. This could lead to a neutral short-term impact on the stock price as the lowered price target might cause some investors to sell, but the maintained 'Buy' rating could also attract new investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100