Goldman Sachs upgraded CaixaBank (CAIXY) to Neutral from Sell, citing healthy loan growth outlook, solid growth in NII, an attractive fee and insurance platform, and resilient profitability. The firm sees the current valuation as “fair” considering the 11x 12-month forward price-to-earnings ratio.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAIXY:
- CaixaBank price target raised to EUR 9.50 from EUR 8.85 at Citi
- CaixaBank price target raised to EUR 9.40 from EUR 7.40 at JPMorgan
- CaixaBank price target raised to EUR 9.50 from EUR 8.90 at Morgan Stanley
- CaixaBank price target raised to EUR 7.75 from EUR 6.80 at Deutsche Bank
- CaixaBank price target raised to EUR 7.40 from EUR 7.10 at JPMorgan