BBVA: UBS adjusts target price
(CercleFinance.com) - While maintaining its "neutral" rating on the Spanish bank BBVA, UBS has nudged up its target price for the share from 5.
7 euros to 5.85 euros (current price about 5.8 euros, +0.4%), pointing to " Earnings improvement likely to consolidate and buyback looming".
"3Q should consolidate recent earnings trends and buyback adds support, but valuation looks fair barring higher return capital deployment action or lower CoE," it notes.
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7 euros to 5.85 euros (current price about 5.8 euros, +0.4%), pointing to " Earnings improvement likely to consolidate and buyback looming".
"3Q should consolidate recent earnings trends and buyback adds support, but valuation looks fair barring higher return capital deployment action or lower CoE," it notes.
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.