Wedbush raised the firm’s price target on East West Bancorp (EWBC) to $110 from $100 and keeps an Outperform rating on the shares. The firm notes East West reported a solid quarter and reiterated its FY24 guidance. Deposit growth was better than expected driven by interest bearing deposits.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EWBC:
- East West Bancorp price target raised to $101 from $93 at Truist
- East West Bancorp price target raised to $95 from $87 at Piper Sandler
- East West Bancorp price target raised to $105 from $97 at Wells Fargo
- East West Bancorp price target raised to $109 from $103 at Citi
- East West Bancorp price target raised to $110 from $108 at Barclays