Wells Fargo Maintains Overweight on OFG Bancorp, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has maintained an Overweight rating on OFG Bancorp (NYSE:OFG) but lowered the price target from $41 to $40.

April 10, 2024 | 4:01 pm
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NEUTRAL IMPACT
Wells Fargo maintains an Overweight rating on OFG Bancorp but lowers the price target from $41 to $40.
The adjustment in price target by a major analyst like Wells Fargo can influence investor sentiment, but the maintenance of an Overweight rating suggests a continued positive outlook on the stock. The slight decrease in the price target might reflect minor adjustments in valuation models rather than a fundamental change in the company's outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100