Morgan Stanley Maintains Overweight on East West Bancorp, Raises Price Target to $89
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Manan Gosalia maintains an Overweight rating on East West Bancorp (NASDAQ:EWBC) and raises the price target from $76 to $89.
February 07, 2024 | 7:59 pm
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POSITIVE IMPACT
Morgan Stanley has maintained its Overweight rating on East West Bancorp and increased the price target from $76 to $89.
The upgrade in price target by a reputable analyst like Manan Gosalia at Morgan Stanley is a strong positive signal for East West Bancorp. It suggests a bullish outlook on the stock, likely due to anticipated financial performance improvements or market position enhancements. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100