Piper Sandler analyst Matthew Clark lowered the firm’s price target on East West Bancorp (EWBC) to $97 from $100, which is modestly better than its historical 1.5-turn discount to peers given its more active capital return. The firm keeps a Neutral rating on the shares following quarterly results.
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Read More on EWBC:
- East West Bancorp price target lowered to $118 from $120 at DA Davidson
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- East West Bancorp Reports Record Income and Dividend Increase
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