Keefe, Bruyette & Woods Maintains Outperform on First BanCorp, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Kelly Motta maintains an Outperform rating on First BanCorp (NYSE:FBP) and raises the price target from $19 to $21.
April 25, 2024 | 1:28 pm
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Keefe, Bruyette & Woods analyst Kelly Motta maintains an Outperform rating on First BanCorp and raises the price target from $19 to $21.
The upgrade in the price target by a reputable analyst firm like Keefe, Bruyette & Woods typically signals a strong bullish sentiment towards the stock, suggesting an expectation of higher future performance. This can positively influence investor perception and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100