Ahead of the ECB’s expected rate hike, the Spanish Ibex index was affected by inflationary pressures from oil, with Brent crude approaching $100 per barrel due to US‑Iran tensions. The index steadied thanks to strong results from heavyweight retailer Inditex.
Inditex, the global fashion distribution giant, is getting ready to answer the market at a time of maximum stock market pressure
Analysts at Jefferies lowered their recommendation on the Spanish SOCIMI Merlin, citing increased risks associated with its data centre portfolio, and stopped recommending it as a buy for all coverage firms.
Bank of America increased its price target for Spanish apparel giant Inditex to €65 per share, suggesting a 19% upside and expecting the firm to surpass a €200 billion market cap, a level never reached by any Spanish company.
Article highlights Iberdrola, Inditex, Amadeus, Santander, and Merlin as the preferred Spanish stock market companies for investment this quarter, along with Sacyr, Indra, CaixaBank, Viscofan, and BBVA.