Truist analyst David Smith lowered the firm’s price target on East West Bancorp (EWBC) to $120 from $121 and keeps a Hold rating on the shares as part of a broader research note previewing Q1 for SMID-cap banks. The firm has revised its model forecasts on a slightly higher net interest income outlook in FY27 with a larger balance sheet, the analyst tells investors in a research note.
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Read More on EWBC:
- East West Bancorp price target lowered to $137 from $140 at BofA
- East West Bancorp price target lowered to $142 from $150 at Barclays
- East West Bancorp upgraded to Buy from Neutral at UBS
- East West Bancorp price target lowered to $111 from $116 at Piper Sandler
- East West Bancorp price target lowered to $128 from $141 at Morgan Stanley