OFG Bancorp price target raised to $41 from $40 at Wells Fargo

Wells Fargo analyst Timur Braziler raised the firm’s price target on OFG Bancorp to $41 from $40 and keeps an Overweight rating on the shares. One of the best earnings profiles in the space over the past few years, and one of the few banks the firm expects to grow EPS in FY24. Stability in EPS and top-quartile profitability and capital justify further valuation expansion, Wells argues.