Analysts at Piper Jaffray initiated coverage on East West Bancorp, Inc. EWBC 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.
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