Hanmi Financial upgraded to Outperform from Market Perform at Keefe Bruyette

Keefe Bruyette upgraded Hanmi Financial to Outperform from Market Perform with a price target of $22, up from $20. Lower interest rates are helpful for Hanmi, the analyst tells investors in a research note. The firm says that at current valuations, downside risk is mostly baked in and upside is “fairly attractive.”