UPDATE: Bank of America Initiates Coverage on First Bancorp Puerto Rico on Strong Upside Potential
August 23, 2013 at 09:32 AM EDT
In a report published Friday, Bank of America analyst Erika Penala initiated coverage on First Bancorp Puerto Rico (NYSE: FBP ) with a Buy rating and $9.00 price target. In the report, Bank of America noted, “We are initiating coverage on San Juan, Puerto Rico-based First BanCorp (FBP) with a
