KBW Research Adds MSCI Inc. (MXB), CVB Financial (CVBF) & East West Bancorp (EWBC) to Model Portfolio; Removes Nara Bancorp (NARA)
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KBW Research announces changes to its Model Portfolio:
KBW analyst says, "We are adding shares of MSCI Inc. (NYSE: MXB), CVB Financial (Nasdaq: CVBF), and East West Bancorp (Nasdaq: EWBC) with Model Portfolio Buy recommendations and recommend investors hold shares of these companies in an overweight position. MXB appears attractive in the near term due to several potential catalysts and a better entry point for ownership driven by the recent sell-off in financial stocks. We are also recommending shares of CVBF and EWBC as we believe both have adequate potential upside from here and should be core holdings for investors seeking credit recovery opportunities (EWBC), or seeking potential consolidators who have proven to be quality underwriters (CVBF)."
"At the same time, we are removing our Model Portfolio Buy recommendation for Nara Bancorp (Nasdaq: NARA) and removing the full position, which follows our view that EWBC has greater potential catalysts in the near term."
KBW analyst says, "We are adding shares of MSCI Inc. (NYSE: MXB), CVB Financial (Nasdaq: CVBF), and East West Bancorp (Nasdaq: EWBC) with Model Portfolio Buy recommendations and recommend investors hold shares of these companies in an overweight position. MXB appears attractive in the near term due to several potential catalysts and a better entry point for ownership driven by the recent sell-off in financial stocks. We are also recommending shares of CVBF and EWBC as we believe both have adequate potential upside from here and should be core holdings for investors seeking credit recovery opportunities (EWBC), or seeking potential consolidators who have proven to be quality underwriters (CVBF)."
"At the same time, we are removing our Model Portfolio Buy recommendation for Nara Bancorp (Nasdaq: NARA) and removing the full position, which follows our view that EWBC has greater potential catalysts in the near term."
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