Kepler upgrades Unicaja to 'buy' on consolidation potential

Unicaja Banco SA

06/07/2026 12:00

** Kepler Cheuvreux upgrades Spanish bank Unicaja Banco UNI.MC to "buy" from "hold" seeing the lender as a key player in the Spanish sector's consolidation
** Kepler says bank "offers an increasingly compelling value-creation opportunity," supported by the bank holding around a 4% market share in both loans and deposits
** It also notes a relatively attractive valuation and potential profitability improvements from industry consolidation
** Out of 19 analysts that cover Unicaja, two rate the stock "strong buy" or "buy,"​ eight rate "hold" and nine​ rate the stock "strong sell" or "sell" - data compiled from LSEG 
** Up to the previous close, UNI shares were up 16.1% YTD
     

(Reporting by Marta Serafinko in Gdansk)
((Marta.Serafinko@thomsonreuters.com;))