Fly News Breaks for January 24, 2020
Jan 24, 2020 | 07:21 EDT
Wells Fargo analyst Jared Shaw reiterated an Overweight rating and $58 price target for East West Bancorp, saying there was "a lot to like" in the company's Q4 results, with core expenses and fee income beating estimates and "better" NII. The analyst says he views the current valuation as attractive, and believes that at this point in the cycle East West has the potential to top Street expectations.
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