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.
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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