Wells Fargo Downgrades Popular to Equal-Weight, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has downgraded Popular (NASDAQ:BPOP) from Overweight to Equal-Weight and reduced the price target from $115 to $105.

October 01, 2024 | 2:21 pm
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Wells Fargo has downgraded Popular from Overweight to Equal-Weight and reduced its price target from $115 to $105, indicating a less optimistic outlook.
The downgrade from Overweight to Equal-Weight suggests that Wells Fargo sees less potential for outperformance in Popular's stock. The reduction in the price target from $115 to $105 indicates a less optimistic view on the stock's future price, which could lead to short-term selling pressure.
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