OFG Bancorp price target raised to $37 from $32 at Wells Fargo

Wells Fargo analyst Timur Braziler raised the firm’s price target on OFG Bancorp to $37 from $32 and keeps an Overweight rating on the shares. A combination of high yielding loans and low funding costs produces industry leading returns for OFG, the firm’s top name in a higher for longer interest rate environment, and OFG should continue benefiting from tailwinds, the analyst tells investors in a research note.