Spanish stocks - Factors to watch on March 18

Budimex SA

18/03/2025 07:26

March 18 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

SANTANDER SAN.MC

Spanish banking giant Banco Santander SAN.MC is pushing to expand its U.S. operations through a partnership that taps into Verizon's VZ.N vast customer base, the Wall Street Journal reported on Monday.

IBERDROLA IBE.MC

Morgan Stanley cut Spain's utility Iberdrola IBE.MC to "equal weight" from "overweight" after a period of outperformance.

Separately, Barclays raised its target price to 13.7 euros  ($14.96) from 13.4 euros.

FERROVIAL FERF.AS

Ferrovial's Polish unit Budimex BDXP.WA said on Thursday a consortium comprising the company won a contract for the design and construction of a railway line in Estonia with an estimated value of 332 million euros ($362.01 million).

TELEFONICA TEF.MC

Proxy advisor Institutional Shareholder Services (ISS) recommended voting against the appointment of Marc Murtra as chairman of Telefonica at the next shareholders' meeting scheduled on April 10, as well as the board of directors' remuneration report, Spanish newspaper Cinco Dias reported on Tuesday. Rival proxy advisor Glass Lewis recommended to support Murtra, it added.

NATURGY NTGY.MC

Barclays raised the company's target price to 25.5 euros from 25.2 euros.

ENDESA ELE.MC

Barclays upgraded the company's shares to "overweight" from "equal-weight" and raised its target price to 26.4 euros from 24.2 euros.

CELLNEX CLNX.MC

Jefferies cut Cellnex's target price to 44.40 euros from 46.30 euros.

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($1 = 0.9157 euros)

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