Wells Fargo lowered the firm’s price target on Popular (BPOP) to $135 from $150 and keeps an Overweight rating on the shares. The firm believes the next re-rating opportunity has likely been pushed out to Q2 2026, despite shares holding up better than expected. Popular remains a Top Pick given group-best EPS and TBV growth, but the margin-of-error narrows post-Q3 results.
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