Market Overview

UPDATE: Sterne Agee Reiterates Buy Rating, Raises PT on Popular

Share:
Related BPOP
9 Trending Stocks From Friday: Second Sight Medical's Huge Gain Leads Pack
Doral Financial Death Watch Done; 3 Banks Ready To Bid?
Is Corning's (GLW) Q1 Earnings Likely to Surprise Estimates? - Analyst Blog (Zacks)

In a report published Monday, Sterne Agee reiterated its Buy rating on Popular (NASDAQ: BPOP), and raised its price target from $26.00 to $30.00.

Sterne Agee noted, “Bottom-line profits handily surpassed conservative expectations as Popular's underlying fundamentals improved across the board. Results were underscored by a marked decline in commercial inflows, problem assets, and environmental-related costs. Additionally, both the margin and spread income improved and commercial loan demand showed signs of life. Credit leverage and steadily improving fundamentals remain primary catalysts for the shares.”

Popular closed on Friday at $26.18.

Latest Ratings for BPOP

DateFirmActionFromTo
Mar 2015UBSDowngradesBuyNeutral
Mar 2015Goldman SachsUpgradesSellNeutral
Mar 2015Sterne AgeeMaintainsBuy

View More Analyst Ratings for BPOP
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Price Target Analyst Ratings

 

Related Articles (BPOP)

Around the Web, We're Loving...