Jefferies Remains a Buy on Banco Bilbao (BBVA), Sets a Price Target of €14.20

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is one of the 10 Undervalued European Stocks to Invest in Now. In a report released on June 9, Joseph Dickerson from Jefferies maintained a Buy rating on Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) with a price target of €14.20. It is the 8th best undervalued European stock to buy now.

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) recently announced the authorization of the combination of BBVA and Banco Sabadell by the Spanish National Markets and Competition Commission (CNMC) in phase two after an analysis of 11 months. The transaction would result in the second-largest Spanish financial institution, after CaixaBank, in terms of credit volume.

A businessman making a powerful speech in a boardroom, symbolizing the company’s successful asset management.

On June 3, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) CEO Peio Belausteguigoitia announced that the proposed integration would be a catalyst to drive growth and thus makes strategic sense by coinciding with the bank’s future objectives.

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is headquartered in Madrid, Spain, and operates in the traditional banking businesses of asset management, retail banking, private banking, and wholesale banking. Its operations span the United States, Spain, Mexico, Turkey, South America, and the Rest of Eurasia segments.

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