Popular, Inc. (BPOP) PT Raised to $125 at KBW; Couldn't Have Asked for a Better Quarter

Keefe, Bruyette & Woods analyst Kelly Motta raised the price target on Popular, Inc. (NASDAQ: BPOP) to $125.00 (from $122.00) while maintaining an Outperform rating.

The analyst commented: "Couldn't Have Asked for a Better Quarter; The 400bps of outperformance today is tracking about in line with our revisions, with 2026E +4% higher post quarter. Importantly, we feel incrementally more confident in the outlook for BPOP, which continues to drive profitability improvement through PPNR growth. Additionally, credit is trending better than expected, allowing the company to post a better-than-expected provision while also building the reserve. Raising estimates and taking PT to $125 (from $122); reiterate Outperform rating."

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