Piper Sandler Maintains Overweight on OFG Bancorp, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Frank Schiraldi maintains an Overweight rating on OFG Bancorp but lowers the price target from $49 to $47.
October 17, 2024 | 12:26 pm
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Piper Sandler maintains an Overweight rating on OFG Bancorp but reduces the price target from $49 to $47, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in OFG Bancorp's performance, but the lowered price target indicates a slightly reduced expectation for future gains. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100