Bank of Hawaii price target raised to $70 from $66 at BofA

BofA analyst Brandon Berman raised the firm’s price target on Bank of Hawaii (BOH) to $70 from $66 and keeps an Underperform rating on the shares. The firm adjusted regional bank price targets as part of a Q2 earnings preview. A lack of interest rate cuts delay a rebound in growth, but “resilient” earnings, an acceleration in loan growth, and investment banking activity server as catalysts for the stocks, the analyst tells investors in a research note.