By: Benzinga
April 18, 2013 at 10:46 AM EDT
UPDATE: Sterne Agee Downgrades East West Bancorp to Neutral as Pressure Concern Overshadows Growth
In a report published Thursday, Sterne Agee analyst Brett Rabatin downgraded the rating on East West Bancorp (NASDAQ: EWBC ) from Buy to Neutral, and slightly lowered the price target from $26.00 to $25.00. In the report, Rabatin noted, “We are lowering the shares to Neutral from Buy and lowering
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