Deutsche Bank Raises Banco Bilbao Vizcaya Argentaria Target to EUR21.24 as Peers Adjust
Deutsche Bank raised its price target on Banco Bilbao Vizcaya Argentaria to EUR21.24 from EUR19.75, maintaining Buy rating on improving net interest income and higher ROTE forecasts. RBC Capital lifted its target to EUR20.25 from EUR19.75, while Morgan Stanley cut its target to EUR20 from EUR20.70 and retained neutral stances.
1. Deutsche Bank Raises Price Target
On February 23, Deutsche Bank elevated its price target on Banco Bilbao Vizcaya Argentaria to EUR21.24 from EUR19.75 and maintained a Buy rating, highlighting forecasts of stronger net interest income and higher return on tangible equity.
2. RBC and Morgan Stanley Adjust Forecasts
Earlier in February, RBC Capital raised its price target to EUR20.25 from EUR19.75 and kept a Sector Perform rating after downgrading the stock, while Morgan Stanley trimmed its target to EUR20 from EUR20.70 and retained an Equal Weight stance.
3. Company Operations and Outlook
Banco Bilbao Vizcaya Argentaria provides retail, wholesale, investment and transaction banking, insurance, asset management and digital services across Spain, Mexico, Turkey, South America, Europe, the United States and Asia.