(News Bulletin 247) – UBS confirms its advice to buy the stock and raises its price target to 8.7 E (against 8.4 E).
“We remain positive on BBVA ahead of next week’s results. The strong performance has nearly closed the relative valuation gap, but EPS revisions remain attractive,’ the analysts said.
‘We believe that BBVA is a defensive option, with comfort in terms of liquidity combined with earnings still on the upside and a still attractive multiple,’ said UBS in its latest study.
‘For 2023, and despite the uncertainty, we will continue to create opportunities for all and contribute to the economic and social growth of the countries in which we are present,’ said Carlos Torres Vila.
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