J.P. Morgan Lowers Price Target for BBVA but Maintains Buy Rating
On May 15, J.P. Morgan reduced its price target for Banco Bilbao Vizcaya Argentaria (BBVA) from EUR 23.6 to EUR 23.4 while keeping an Overweight rating. This follows Fitch Ratings upgrading BBVA's long-term issuer and deposit ratings on May 13, reflecting improved credit quality.
Tickers: $BBVA
Topics: BBVA Credit Rating Upgrade Earnings Fitch Ratings J.P. Morgan