Piper Sandler Maintains Neutral on East West Bancorp, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Matthew Clark maintains a Neutral rating on East West Bancorp (NASDAQ:EWBC) but raises the price target from $87 to $95.
October 23, 2024 | 12:42 pm
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Piper Sandler has maintained a Neutral rating on East West Bancorp but increased the price target from $87 to $95, indicating a positive outlook.
The increase in the price target from $87 to $95 suggests a positive outlook for East West Bancorp, despite the Neutral rating. This could lead to a short-term positive impact on the stock price as investors may interpret the raised target as a sign of potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100