Truist Securities Maintains Buy on East West Bancorp, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Brandon King maintains a Buy rating on East West Bancorp (NASDAQ:EWBC) but lowers the price target from $90 to $86.
April 25, 2024 | 5:32 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Truist Securities maintains a Buy rating on East West Bancorp but lowers the price target from $90 to $86.
While the reduction in price target could suggest a slight adjustment in valuation expectations, the maintenance of a Buy rating indicates a continued positive outlook on the company's fundamentals. The impact on the stock price is likely neutral in the short term as the positive rating balances the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100