Hope Bancorp price target lowered to $14.50 from $15.50 at DA Davidson

DA Davidson lowered the firm’s price target on Hope Bancorp (HOPE) to $14.50 from $15.50 and keeps a Buy rating on the shares. The company’s 2025 guidance, inclusive of the Territorial Bancorp transaction, reflects a lower level of net interest income than the firm had anticipated, resulting in a lower EPS outlook, though with shares trading below tangible book value, the firm remains positive on the stock, the analyst tells investors in a research note.