Spanish stocks - Factors to watch on Sept 24

Mapfre SA

24/09/2024 07:36

Sept 24 (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:
    
    IBERDROLA  IBE.MC  
    Iberdrola said on Monday it placed 2.15 billion euros 
($2.39 billion) of bonds.  urn:newsml:reuters.com:*:nFWN3L50QF
    
    ALBA  ALB.MC  
    Alba said on Monday its first-half net profit fell to 91.9
million euros from 146.9 million euros a year ago.  urn:newsml:reuters.com:*:nFWN3L50GA
    
    NEINOR HOMES  HOME.MC  
    The company said on Monday it expects a joint-venture deal
signed with Bain Capital will generate 10-15 million euros in
fee-based revenues per year.  urn:newsml:reuters.com:*:nFWN3L50T0
    
    SANTANDER  SAN.MC  
    Santander expects to sell two British corporate centres
between the end of this year and next year, after it relocated
its employees to its new headquarters in the country, Spanish
newspaper Cinco Dias reported on Tuesday. 
    
    MAPFRE  MAP.MC  
    Mapfre is looking to use excess cash to make acquisitions
and it is analysing investment opportunities in Brazil, Mexico
and Spain, Spanish economic newspaper Expansion reported on
Tuesday, citing Felipe Navarro Lopez de Chicheri, its corporate
director for investor relations, capital markets and mergers and
acquisitions.
    
    REPSOL  REP.MC  
    JP Morgan cut the company's rating to "neutral" from
"overweight" and cut its target price to 14 euros from 17 euros.
 urn:newsml:reuters.com:*:nFWN3L510O
    Jefferies also cut its target price to 12 euros from 13
euros.  urn:newsml:reuters.com:*:nFWN3L6000
    
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($1 = 0.9003 euros)

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