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Fly News Breaks for November 28, 2017
BPOP
Nov 28, 2017 | 08:29 EDT
Keefe Bruyette analyst Glen Manna upgraded Popular to Outperform after taking over coverage from Brian Klock. The analyst notes Puerto Rico banks are trading at a significant discount to their historical tangible book valuations. He expects the banks to remain profitable in 2018 and 2019 even after factoring in hurricane-related losses.
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