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Morgan Stanley Is Waiting For Better Entry Point On East West Bancorp

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In a report published Monday, Morgan Stanley analyst Ken A. Zerbe reiterated an Equal-Weight rating and $36.00 price target on East West Bancorp (NASDAQ: EWBC).

In the report, Morgan Stanley noted, “We are Equal-weight given near-term EPS growth and valuation (13.9x 2015e EPS) that are mostly in line with peers. However, we have a positive bias to the stock given the company's ability to grow core loans faster than peers and we would be buyers closer to $32 (a 10% discount to the group).”

East West Bancorp closed on Friday at $33.48.

Latest Ratings for EWBC

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

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Posted-In: Ken A. Zerbe Morgan StanleyAnalyst Color Reiteration Analyst Ratings

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