UBS lowered the firm’s price target on East West Bancorp (EWBC) to $125 from $126 and keeps a Neutral rating on the shares. Mid-cap banks have delivered strong results and avoided early Q4 credit concerns. Investor momentum into regional banks is expected to continue, supported by curve steepening, accelerating loan growth, and M&A activity such as Santander’s (SAN) acquisition of Webster (WBS).
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