Morgan Stanley Resumes Coverage of Banco Bilbao Vizcaya Argentaria (BBVA) With an Equal Weight Rating

Group 1 - Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is considered one of the best affordable stocks to buy under $20, with Morgan Stanley resuming coverage and setting a price target of €19, indicating limited upside to consensus earnings estimates [1] - Barclays analyst Cecilia Romero reiterated a Buy rating on BBVA, assigning a price target of €18, and suggested a new buyback plan of around €3.5 billion ($4 billion) following the company's move on from its failed acquisition attempt of Banco Sabadell SA [2][3] - Romero anticipates the announcement of the buyback program alongside the fiscal Q3 results, expected to be reported later this month, with the launch contingent on approval from the European Central Bank [3] Group 2 - BBVA is headquartered in Madrid, Spain, and operates in various traditional banking sectors including asset management, retail banking, private banking, and wholesale banking, with operations across the United States, Spain, Mexico, Turkey, South America, and the Rest of Eurasia [4]