OFG Bancorp price target lowered to $43 from $48 at Wells Fargo

Wells Fargo analyst Timur Braziler lowered the firm’s price target on OFG Bancorp (OFG) to $43 from $48 and keeps an Equal Weight rating on the shares. The firm sees tough stretch ahead, as rate cuts plus heightened deposit competition likely weigh on net interest income through much of the first half of 2026.