RBC Capital Maintains Outperform on Popular, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Gerard Cassidy has maintained an Outperform rating on Popular (NASDAQ:BPOP) and increased the price target from $80 to $90.
January 26, 2024 | 3:51 pm
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RBC Capital has reaffirmed its Outperform rating on Popular and raised the price target from $80 to $90, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Gerard Cassidy suggests a strong conviction in the company's future performance. This typically leads to increased investor confidence and can result in a short-term uptick in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100