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.
Copyright (c) 2021 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.