Wells Fargo Maintains Equal-Weight on First BanCorp, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has maintained an Equal-Weight rating on First BanCorp (NYSE:FBP) while raising the price target from $20 to $22.
October 01, 2024 | 7:28 pm
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Wells Fargo has maintained its Equal-Weight rating on First BanCorp but increased the price target from $20 to $22, indicating a positive outlook.
The increase in price target from $20 to $22 by Wells Fargo suggests a positive outlook for First BanCorp, which could lead to a short-term increase in stock price. The maintained Equal-Weight rating indicates a balanced view, but the raised target shows confidence in potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100