Citigroup Maintains Buy on East West Bancorp, Raises Price Target to $91
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ben Gerlinger maintains a Buy rating on East West Bancorp (NASDAQ:EWBC) and raises the price target from $85 to $91, indicating a positive outlook on the stock.

March 13, 2024 | 8:47 pm
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Citigroup analyst Ben Gerlinger maintains a Buy rating on East West Bancorp and raises the price target from $85 to $91.
The upgrade in the price target by Citigroup reflects a positive outlook on East West Bancorp's stock, likely due to strong financial performance or potential market opportunities identified by the analyst. This endorsement from a reputable financial institution could increase investor confidence, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100