Citigroup Maintains Buy on East West Bancorp, Raises Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ben Gerlinger maintains a Buy rating on East West Bancorp and raises the price target from $103 to $109.
October 23, 2024 | 1:36 pm
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POSITIVE IMPACT
Citigroup's analyst Ben Gerlinger has reaffirmed a Buy rating for East West Bancorp and increased the price target from $103 to $109, indicating a positive outlook.
The reaffirmation of a Buy rating and an increased price target by a major financial institution like Citigroup is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100