East West Bancorp Reaches Analyst Target Price
November 14, 2016 at 09:48 AM EST
In recent trading, shares of East West Bancorp, Inc (EWBC) have crossed above the average analyst 12-month target price of $43.89, changing hands for $44.84/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..