Morgan Stanley Upgrades East West Bancorp to Overweight, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia upgraded East West Bancorp (NASDAQ:EWBC) from Equal-Weight to Overweight and increased the price target from $66 to $76.

December 04, 2023 | 10:44 am
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East West Bancorp was upgraded by Morgan Stanley from Equal-Weight to Overweight with a price target raised from $66 to $76.
Upgrades by prominent analysts like Morgan Stanley can lead to increased investor confidence and a potential short-term rise in the stock price. The raised price target suggests a positive outlook on the company's performance and valuation, which may attract more buyers.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100