UBS analyst Timur Braziler raised the price target on Popular, Inc. (NASDAQ: BPOP) to $170.00 (from $160.00) while maintaining a Buy rating.

The analyst comments: "A much stronger start to the year builds on the momentum into what’s typically the seasonally strongest quarter. We’re surprised shares weren’t up more, but that’s likely owing the strong run-up into the print. Reiterating Top Pick.

Investors are asking why the stock didn’t perform better today, and we believe it’s just a matter of performance leading up to the print (BPOP +19% YTD vs. KRX +7%). Not much to pick at this quarter, with trends pretty clear heading into the strongest quarter of the year. We assume expenses pop higher in 2Q as profit share accruals begin, and could easily see mgt. raising NII guide if loan growth materializes in any capacity. We increase our FY26/27 EPS estimates to $15.16/$16.78, from $14.55/$16.69, and increase our PT to $170, representing 10.1x FY27E EPS, in-line with the group."