BofA raised the firm’s price target on East West Bancorp (EWBC) to $119 from $110 and keeps a Buy rating on the shares. The firm raised its price objectives by 8% on average for a selection of small-to-mid-cap banks to reflect an improving outlook driven by Trump policy priorities combined with a U.S. soft landing, which it calls “bullish for bank stocks.”
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- East West Bancorp price target raised to $110 from $93 at Compass Point
- East West Bancorp price target raised to $110 from $99 at BofA
- East West Bancorp price target raised to $104 from $91 at Stephens
- East West Bancorp price target raised to $107 from $100 at DA Davidson