First Hawaiian's Near-Term Prospects Have Improved Significantly (Rating Upgrade)

Group 1 - First Hawaiian's near-term prospects have improved significantly since the last update in the summer, indicating a positive shift in the bank's outlook [1] - The bank has historically been viewed favorably from a quality perspective, but the near-term earnings growth outlook was previously soft, with a multiple of 13.5x [1] Group 2 - The investment strategy focuses on a long-term, buy-and-hold approach, particularly favoring stocks that can sustainably generate high-quality earnings [1]