Marco Bianchi 
HSBC upgraded its outlook on Spanish electricity company Iberdrola, increasing the price target to €23.10 and recommending purchase. The investment bank sees the utility as having a perfect combination of growth, visibility, and low risk, projecting potential market capitalization exceeding €150 billion compared to current €142 billion.
Securitize, a Spanish fintech unicorn specializing in asset tokenization, has experienced a 30% decline since its IPO debut on Wall Street. The company is one of the few publicly traded firms focused on asset tokenization. This decline contrasts with growing interest in tokenization as an asset class.
Italian bank UniCredit has secured a 48% stake in German lender Commerzbank following the completion of a tender offer period, positioning itself for potential majority control of the bank.
Goldman Sachs has downgraded Banco Sabadell, adding it to its sell list. The stock was among the most penalized values in the Ibex on the day of the downgrade.
Investment bank Jefferies upgraded BBVA to its high conviction list and increased price target to €27, citing Mexico exposure as a positive factor
Expeditions, a defense-tech venture capital firm backed by BAE Systems and the NATO Innovation Fund, has raised a €197 million fund to support the development of sovereign military technologies across Europe.
Greek shipping companies Dynacom Tankers, Stealth Maritime, and Onassis Group have generated nearly $4 billion in revenues over three years by transporting Russian oil under the G7 price cap mechanism, which allows certain shipments of Russian crude to continue under price restrictions.
Endesa, a Spanish electricity utility company, is offering dividend payment to shareholders. The company is regarded as a reliable dividend payer with expected payments for future years. The stock is trading higher and investment firms maintain a positive outlook on the stock. Shareholders must hold shares at close of business on this date to receive the dividend payment scheduled for July 10th.
Cirsa, a Spanish gaming company, marks its first anniversary on the stock exchange with a 15% year-to-date decline. Despite the stock performance, all analysts covering the company rate it as attractive, highlighting strong business prospects and significant upside potential of 59%.
RBC Brewin Dolphin’s Janet Mui characterized the recent pullback in semiconductor stocks as healthy consolidation rather than market reversal, citing strong fundamental demand outstripping supply.