UPDATE: D.A. Davidson Upgrades BBCN Bancorp on Attractive Risk-Reward Profile

In a report published Wednesday, D.A. Davidson analyst Gary P. Tenner upgraded the rating on BBCN Bancorp (NASDAQ: BBCN) from Neutral to Buy, and reiterated the $16.50 price target. In the report, D.A. Davidson noted, “Loan production in the third quarter should remain strong with improved net loan growth, given a