UBS Upgrades East West Bancorp to Buy, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brody Preston has upgraded East West Bancorp (NASDAQ:EWBC) from Neutral to Buy and raised the price target from $57 to $61.
October 30, 2023 | 9:19 am
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East West Bancorp has been upgraded from Neutral to Buy by UBS, with a raised price target from $57 to $61.
The upgrade from Neutral to Buy by UBS indicates a positive outlook for East West Bancorp. The raised price target from $57 to $61 suggests that the analyst expects the stock to perform well in the short term. This could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100