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Fly News Breaks for September 4, 2018
BBVA
Sep 4, 2018 | 06:58 EDT
JPMorgan analyst Kian Abouhossein downgraded Banco Bilbao Vizcaya Argentaria to Neutral and lowered his price target for the shares to EUR 6.80 from EUR 8. The analyst says the Turkish macro-economic outlook could be less favorable than he had initially anticipated. As such, he views BBVA as fairly valued relative to European bank peers.