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Fly News Breaks for July 24, 2018
BPOP
Jul 24, 2018 | 07:24 EDT
Citi analyst Arren Cyganovich removed Popular from his firm's Focus List following the company's Q2 results. The analyst says the primary catalysts for the Focus List, strong deposit growth and a new $125M share repurchase plan announced, are now better reflected in consensus estimates. He continues to view Popular as an attractively priced bank that should continue to benefit from current trends. The analyst raised his price target for the shares to $59 from $55 and keeps a Buy rating on the name.
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