Barclays Maintains Overweight on East West Bancorp, Raises Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw has maintained an Overweight rating on East West Bancorp (NASDAQ:EWBC) and raised the price target from $105 to $108.
September 27, 2024 | 2:31 pm
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Barclays has reaffirmed its positive outlook on East West Bancorp by maintaining an Overweight rating and increasing the price target to $108, indicating confidence in the company's future performance.
The increase in price target from $105 to $108 by Barclays suggests a positive outlook on East West Bancorp's future performance. The Overweight rating indicates that the analyst expects the stock to outperform its peers, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100