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Fly News Breaks for June 25, 2019
BPOP
Jun 25, 2019 | 07:23 EDT
BTIG analyst Mark Palmer reiterated a Buy rating and $66 price target on Popular following a meeting last week with CFO Carlos Vazquez. In a research note to investors, Palmer says the means through with Popular's valuation gap with U.S. regional bank peers could narrow as it reduces its Common Equity Tier 1 ratio to a level closer to its peers' CET1 ratios in the 11%-12% range.
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