Piper Sandler assumed coverage of Popular with an Overweight rating and $112 price target as the analyst took over coverage of the three primary commercial banks headquartered in Puerto Rico. Of the three, the analyst believes Popular is the most attractive and has the greatest potential to see positive estimate revisions and share price upside over the next 12 months, the firm noted.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BPOP: