East West Bancorp price target raised to $120 from $116 at Truist

Truist raised the firm’s price target on East West Bancorp (EWBC) to $120 from $116 and keeps a Hold rating on the shares as part of a broader research note on Regional Banks updating the firm’s models ahead of Q4 results. The firm is increasing its estimates for the stock to reflect a higher net interest income and a softer loan-loss provision, the analyst tells investors in a research note.