Truist Securities analyst Brandon King maintains PacWest Banc (NASDAQ:PACW) with a Hold and raises the price target from $26 to $29.
Dollar Decline: Stock Market Rally Explains 70% Of Recent US Dollar Downtrend, Says BofA
Since hitting an 11-month high in early October, the US dollar index (DXY) has fallen 3.8% and this has been largely due to investors backing the recent equity market rally, analysts at Bank of America said on Tuesday.
