Wells Fargo analyst Timur Braziler raised the firm’s price target on Popular (BPOP) to $140 from $135 and keeps an Overweight rating on the shares. The firm says that more upside for its Top Pick as Street estimates need to be revised higher and shares rerate from a combination of group-leading EPS growth and improving credit. Fixed asset repricing remains formulaic, and better loan growth only helps, Wells adds.
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