Morgan Stanley Maintains Overweight on East West Bancorp, Raises Price Target to $106
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 $103 to $106.
September 30, 2024 | 4:19 pm
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POSITIVE IMPACT
Morgan Stanley has reaffirmed its Overweight rating on East West Bancorp and increased the price target from $103 to $106, indicating a positive outlook.
The increase in price target from $103 to $106 by Morgan Stanley suggests a positive outlook for East West Bancorp, likely leading to a short-term price increase. The Overweight rating indicates confidence in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100