(CercleFinance.com) – UBS reaffirms its ‘buy’ recommendation on BBVA with a price target raised from 11.45 to 11.85 euros, a new target which implies an upside potential of 15% for the company’s shares. Basque banking establishment.
‘Earnings risk should remain on the upside, but valuation upside potential is more limited following outperformance. Competition in deposits in Mexico requires close monitoring, believes the broker.
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