Deutsche Bank downgraded CaixaBank (CAIXY) to Sell from Hold with a price target of EUR 6.20, up from EUR 5.70. Spanish bank stocks have enjoyed a strong rally in late 2024 and early 2025, but a “somewhat weaker” first half of 2025 outlook could potentially drive investors to take a more cautious stance, the analyst tells investors in a research note. The firm sees potential headwinds, primarily related to net interest income, mostly due to greater than anticipated competition, both in lending and, especially, in deposits.
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Read More on CAIXY:
- CaixaBank downgraded to Market Perform from Outperform at Keefe Bruyette
- CaixaBank price target raised to EUR 8 from EUR 7.80 at Citi
- CaixaBank’s Earnings Call Highlights Strong Growth Amid Challenges
- CaixaBank price target raised to EUR 5.75 from EUR 5.65 at RBC Capital
- CaixaBank price target raised to EUR 6.50 from EUR 6.25 at Morgan Stanley
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