Piper Jaffray Initiates East West Bancorp With Overweight

Analysts at Piper Jaffray initiated coverage on

with a Overweight rating. The target price for East West Bancorp is set to $50. East West Bancorp shares have gained 27.69 percent over the past 52 weeks, while the S&P 500 index has surged 8.92 percent in the same period. East West Bancorp shares fell 0.02 percent to close at $45.01 yesterday.