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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