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BBVA: new EPS forecasts for 2022

(CercleFinance.com) - UBS maintains its "neutral" rating on BBVA shares, while raising its target price for them from 4.
85 euros to 5.1 euros, after the broker increased its 2022 EPS estimate by around 6% for the Spanish bank.

"Domestic restructuring broadly aligned with expectations and already reflected in valuation," the broker says, which still sees "Capital deployment of improved CoR guidance potential catalysts".

BBVA shares closed down 0.9%% at 5.26 euros on Wednesday.


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