Jefferies analyst Miruna Chirea raised the firm's price target on BBVA to EUR 27 from EUR 21 and keeps a Buy rating on the shares, which were also added to the firm's Franchise Picks list. Shares have lagged year-to-date amid broader risk-off sentiment, but fundamentals remain strong for "Europe's highest RoTE bank" and the firm sees mid-single digit upside to consensus earnings with Turkey risks largely priced in, the analyst tells investors.
