BBVA: UBS raises target price
(CercleFinance.com) - UBS reinstates its "buy" rating on BBVA (Banco Bilbao Vizcaya Argentaria) shares, having nudged up its target price for them from 7.
3 euros to 7.65 euros, with its new target price representing upside potential of 46% for the Spanish bank's share.
"With Mexico standing out again, 3Q backs our positive view on BBVA . Earnings momentum is positive, capital concerns have faded and valuation is attractive," the broker said.
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