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U.S. bank JPMorgan has improved the calification of Banco Popular, Banesto and Banco Sabadell. The U.S. bank has raised its advice on the titles of three Spanish institutions to "neutral" from the previous "underweight" rating, as announced in a press release.
Specifically, the finance company has improved its price target from Popular from prior 3.2 € to a 7.6€ rating. Banesto, a subsidiary of Santander, meanwhile, moves from the 5.6 estimated in March up to 9.3 Euros. In the case of Sabadell, the tare goes up from 2.1 to 5.3 euros.
Moreover, the U.S. investment firm raised its price target for Bankinter to the 6.8 euros from 6.5 euros, and Pastor to 4.4 euros from the previous 4.20 euros. Despite this improvement, the appreciation potential of the two entities remains negative, slightly above -25% in both cases.
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9/9/09
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