BBVA: Barclays adjusts its target price

(CercleFinance.com) - Barclays maintains its 'weight in line' recommendation on BBVA with an adjusted price target of 11.
6 to 11.7 euros, pointing to the US elections and M&A as 'key sentiment factors to watch'.

The broker says it is raising its 2024-26 net profit 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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