RBC Capital Maintains Outperform on Popular, Lowers Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Gerard Cassidy maintains an Outperform rating on Popular (NASDAQ:BPOP) but lowers the price target from $108 to $96.
October 24, 2024 | 5:00 pm
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RBC Capital has maintained its Outperform rating on Popular (NASDAQ:BPOP) but has lowered the price target from $108 to $96.
The maintenance of an Outperform rating suggests continued confidence in Popular's performance, but the lowered price target indicates a more cautious outlook on its valuation. This mixed signal could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100