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UPDATE: Deutsche Bank Reiterates on East West Bancorp as Shares Should Trade at Premium

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In a report published Wednesday, Deutsche Bank analyst Dave Rochester reiterated a Buy rating on East West Bancorp (NASDAQ: EWBC), and raised the price target from $38.00 to $40.00.

In the report, Deutsche Bank noted, “Potential to beat loan gr. ests., less noise from FDIC deals in FY15, strong asset sensitivity and ability to extend duration, solid EPS gr., but still trades at a discount, we believe shares will trade at a premium to the group.”

East West Bancorp closed on Tuesday at $34.60.

Latest Ratings for EWBC

DateFirmActionFromTo
Jan 2021UBSUpgradesNeutralBuy
Jan 2021Morgan StanleyMaintainsOverweight
Dec 2020Morgan StanleyMaintainsOverweight

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