East West Bancorp price target raised to $116 from $112 at Truist

Truist raised the firm’s price target on East West Bancorp (EWBC) to $116 from $112 and keeps a Hold rating on the shares. The firm is adjusting its model after the bank’s Q3 results, noting higher net interest income, higher fees, lower expenses, and higher buybacks, the analyst tells investors in a research note.