Puerto Rico's local economy got a massive boost from Bad Bunny's Bad Bunny's 31-date residency, giving Popular — the biggest bank on the island — a lift as well, according to Wells Fargo. The investment firm, which has an overweight rating on Popular, raised its price target to $150 from $140. The new target signals upside of 17.2%. Bad Bunny's shows added roughly $400 million to Puerto Rico's economy with nearly 600,000 attendees turning out to see the artist, he added. Bad Bunny, whose legal name is Benito Antonio Martinez, held his residency's final show over the weekend. BPOP YTD mountain BPOP year to date "The Bad Bunny experience likely offset all, if not more, of the typical 3Q seasonality for island deposits, providing upside potential for larger balances sheets, and ultimately EPS

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