UPDATE: DA Davidson Downgrades Hope Bancorp (HOPE) to Neutral

May 30, 2018 6:15 AM EDT
Get Alerts HOPE Hot Sheet
Price: $13.63 +1.64%

Rating Summary:
    0 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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(Updated - May 30, 2018 7:47 AM EDT)

(updated to add analyst comment)

DA Davidson downgraded Hope Bancorp (NASDAQ: HOPE) from Buy to Neutral with a price target of $20.00.

Analyst Gary Tenner steps to the sideline citing the recent appreciation in the equity since the last April sell-of. The analyst believes earnings headwinds will likely remain as deposit costs increase.

For an analyst ratings summary and ratings history on Hope Bancorp click here. For more ratings news on Hope Bancorp click here.

Shares of Hope Bancorp closed at $18.07 yesterday.

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