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Benoit Valleaux ...
  • Steven Gould

BBVA : Recent newsflow offers an opportunity on the stock!

>Recommendation raised to Outperform (vs Neutral) - Target price at € 6.7 (vs € 6.0) - The past few days (punctuated by the presentation of a medium-term strategic update) have seen a notable development in BBVA’s investment case, in our view. Undeniably, the announcement on 15 November of an offer for Garanti’s minority interest (Turkish activities), just ahead of the investors’ day on 18 November, was the principal game changer. Whilst the rest of the strategic upda...
Underlying
Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria is an international financial group, engaged primarily on providing banking services and consumer finance to private individuals and businesses in Spain and Portugal; providing real estate activity in Spain; providing services to international companies and investment banking, capital markets and treasury management services to clients; and providing the banking, insurance and pension businesses in Mexico and the U.S., as well as in South America.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Benoit Valleaux

Steven Gould

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