William Blair analyst Robert Napoli says Evertec's risk/reward remains attractive even though the stock is up 23% year-to-date. Data suggest Puerto Rico continues to recover from the 2017 hurricanes, and the potential for relief funds, which is not in management's 2018 guidance, is encouraging, Napoli tells investors in a research note. Evertec's price-to-earnings ratio could revalue from nine times to a low-to-mid-teens level over the next few years with a combination of growth in the attractive Latin American market and stabilization in Puerto Rico, the analyst contends. He keeps an Outperform rating on Evertec.