Barclays Maintains Overweight on Popular, Lowers Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jared Shaw maintains an Overweight rating on Popular (NASDAQ:BPOP) but lowers the price target from $117 to $104.
October 24, 2024 | 12:50 pm
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Barclays has maintained its Overweight rating on Popular but has lowered the price target from $117 to $104, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in Popular's performance, but the lowered price target indicates a more cautious outlook, likely due to changing market conditions or company performance expectations. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100