BBVA: UBS maintains 'buy' after reassuring meeting
(CercleFinance.com) - UBS maintains its "buy" rating on BBVA shares, with a target price of 6.
70 euros, after a "broadly reassuring" meeting with the Spanish banking giant's management team.
In a note to clients, the broker said that it has attended a sell-side analyst meeting with CEO Onur Genc and CFO Jaime Saenz de Tejada.
"Little new information came out, but we see conclusions as broadly reassuring," it wrote in the report.
UBS in particular notes plans to continue streamlining the bank's cost structure.
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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.
70 euros, after a "broadly reassuring" meeting with the Spanish banking giant's management team.
In a note to clients, the broker said that it has attended a sell-side analyst meeting with CEO Onur Genc and CFO Jaime Saenz de Tejada.
"Little new information came out, but we see conclusions as broadly reassuring," it wrote in the report.
UBS in particular notes plans to continue streamlining the bank's cost structure.
Copyright (c) 2019 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.