RBC Capital Maintains Outperform Rating for Popular: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has reaffirmed its Outperform rating on Popular Inc (NASDAQ:BPOP) and increased its price target from $80.00 to $90.00. Popular's shares are currently trading at $85.83, and the new price target suggests a potential upside of 4.86%. Popular Inc is a financial holding company with significant operations in Puerto Rico and the continental United States.
January 26, 2024 | 5:00 pm
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RBC Capital maintains its Outperform rating on Popular Inc and raises the price target to $90, suggesting a 4.86% potential upside from the current price of $85.83.
The reaffirmation of the Outperform rating and the increase in price target by RBC Capital are positive signals for investors, indicating the bank's confidence in Popular's performance and growth potential. This could lead to increased investor confidence and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100