BBVA: Barclays adjusts target price
(CercleFinance.com) - Barclays maintains its "equal weight" recommendation on BBVA shares with a fraction added to its TP, which is now E11.
7 (from E11.6), pointing to the US elections and M&A as key sentiment factors to watch.
The broker says that it is raising its 2024-26 earnings estimates for the Spanish bank by an average of 2%, with an improved core revenue outlook in Spain and lower cost expectations in Mexico.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
7 (from E11.6), pointing to the US elections and M&A as key sentiment factors to watch.
The broker says that it is raising its 2024-26 earnings estimates for the Spanish bank by an average of 2%, with an improved core revenue outlook in Spain and lower cost expectations in Mexico.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.