B. Riley Upgrades Hanmi Financial (HAFC) to Buy, Raises Price Target to $1.25

Shares of Hanmi Financial (NASDAQ: HAFC) have bounced off session lows following a late-day upgrade from B. Riley's Joe Gladue. Hanmi shares are down more than 10 percent Tuesday following the pricing of a 87.5 million share equity offering.

Gladue now rates Hanmi shares a Buy, up from Neutral previously. The firm's price target was raised from $1 to $1.25.

For an analyst ratings summary and ratings history on Hanmi Financial click here. For more ratings news on Hanmi Financial click here.

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