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BBVA: UBS raises target price

( - UBS reinstates its "buy" rating on BBVA (Banco Bilbao Vizcaya Argentaria) shares, increasing its target price for them from 7.
65 euros to 7.85 euros, with its new target price representing upside potential of 23% for the Spanish banking establishment's share.

The broker explains that it remains positive, with the publication of Q4 2022 results approaching, due to the strength underway in Spain and Mexico. In addition, the stock is trading cheap, despite its good performance.

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