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Fly News Breaks for June 16, 2017
EWBC
Jun 16, 2017 | 06:17 EDT
Piper Jaffray analyst Matthew Clark believes East West Bancorp should continue to outperform in the current rate environment that has seen the curve flatten dramatically in recent weeks. The analyst raised his price target for the shares to $68 from $62 and keeps an Overweight rating on the name. He views East West as among the best positioned for higher short-term interest rates in the U.S.
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