Popular price target raised to $115 from $105 at Wells Fargo

Wells Fargo raised the firm’s price target on Popular to $115 from $105 and keeps an Overweight rating on the shares. A combo of better net interest income, expenses and credit has bridged the firm’s updated estimates to management’s 14% year-end 2025 ROTCE guidance, implying group-leading EPS growth through 2026. Popular remains Wells’ Top Pick.