Keefe, Bruyette & Woods Downgrades Popular to Market Perform, Lowers Price Target to $74
Keefe, Bruyette & Woods analyst Kelly Motta downgrades Popular (NASDAQ:BPOP) from Outperform to Market Perform and lowers the price target from $85 to $74.
Recap: Popular Q3 Earnings
Popular (NASDAQ:BPOP) reported its Q3 earnings results on Wednesday, October 26, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Popular missed estimated earnings by 2.58%, reporting an EPS of $2.64 versus an estimate of $2.71.
Stocks That Hit 52-Week Lows On Wednesday
During Wednesday's trading, 517 companies set new 52-week lows.
Popular Announces Entry Into $231M Accelerated Share Buyback Program
Popular, Inc. ("Popular" or the "Corporation") (NASDAQ:BPOP) announced today that on August 24, 2022 it entered into an accelerated share repurchase agreement (the "ASR Agreement") to