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BBVA upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Cecilia Romero Reyes upgraded BBVA (BBVA) to Overweight from Equal Weight with a price target of EUR 18, up from EUR 14.70. The firm believes BBVA has earnings momentum, strategic optionality, and above-average capital returns following the “strong” Q2 report. It views the stock’s valuation as “undemanding” at current levels.

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