Wells Fargo Maintains Equal-Weight on Popular, Lowers Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has maintained an Equal-Weight rating on Popular (NASDAQ:BPOP) but has lowered the price target from $105 to $98.
October 24, 2024 | 2:28 pm
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NEGATIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Popular but reduced the price target from $105 to $98, indicating a less optimistic outlook.
The reduction in price target from $105 to $98 by Wells Fargo suggests a less optimistic view on Popular's future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100