BBVA: Oddo BHF raises TP

(CercleFinance.com) - Oddo BHF has confirmed its 'outperform' rating on BBVA sjares, with a target price raised from E13 to E13.
5, in the wake of 2024-26 net income estimates raised by 2% following the Basque bank's annual results.

BBVA's operating performance in Q4 2024 remains solid (operating/balance sheet), and supports guidance, the analyst notes, who also highlights the group's solid outlook and fundamentals.

However, Oddo BHF remains 'relatively cautious' about its offer for Sabadell, given the opposition of numerous stakeholders, the risk of significant execution and the possible need for BBVA to ultimately revise the terms of its offer.


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