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BBVA reinstated with a Buy at Goldman Sachs

Goldman Sachs reinstated coverage of BBVA (BBVA) with a Buy rating and EUR 22.40 price target The firm’s rating is underpinned by expectations for continued strong core revenue growth, which should drive net profit higher over the medium term supported by its gearing to growth markets and the diversified exposure of the Group, the analyst tells investors in a research note.

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