CaixaBank downgraded to Sell from Hold at Deutsche Bank

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.