Wells Fargo Maintains Equal-Weight on First BanCorp, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Timur Braziler has maintained an Equal-Weight rating on First BanCorp (NYSE:FBP) but has lowered the price target from $22 to $20.
October 24, 2024 | 2:37 pm
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Wells Fargo has maintained its Equal-Weight rating on First BanCorp but reduced the price target from $22 to $20, indicating a more cautious outlook.
The reduction in price target from $22 to $20 by Wells Fargo suggests a less optimistic view on First BanCorp's short-term performance, which could lead to a negative impact on the stock price.
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