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Popular price target lowered to $104 from $117 at Barclays

Popular price target lowered to $104 from $117 at Barclays

Barclays analyst Jared Shaw lowered the firm’s price target on Popular (BPOP) to $104 from $117 and keeps an Overweight rating on the shares. The firm says a deposit-led net interest income miss in Q3 drags estimates lower as stimulus funding burns off.

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