Popular shares are trading higher after Citigroup initiated coverage on the stock with a Buy rating and $86 price target.
Portfolio Pulse from Benzinga Newsdesk
Popular shares have risen following Citigroup's initiation of coverage with a Buy rating and an $86 price target.
December 01, 2023 | 8:31 pm
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POSITIVE IMPACT
Popular, Inc. (BPOP) shares are likely to experience a positive short-term impact due to Citigroup's Buy rating and $86 price target.
Analyst ratings, especially from major financial institutions like Citigroup, can significantly influence investor sentiment and stock prices. The Buy rating and the $86 price target suggest a positive outlook for BPOP, which can lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100