Mid-Cap Bank Popular's Narrative Shifts with Higher Fair Value Estimates and Analyst Target Resets

Popular's (BPOP) narrative is shifting with a higher fair value estimate of $155.50 per share, up from $145.70. Analysts have refreshed their models, factoring in recent research on mid-cap banks. Several firms have raised price targets, signaling a supportive stance on the bank's execution and positioning within the mid-cap group. However, there are still reservations around valuation and near-term risks.