Spanish stocks - Factors to watch on Monday

 

The following Spanish stocks maybe affected by newspaper reports and other factors on Monday.Reuters has not verified any newspaper reports, and cannot vouchfor their accuracy:

SACYR VALLEHERMOSO

The Spanish builder is in talks with creditor banks tore-negotiate a 200 million euro ($293.7 million) loan and could use its Madrid skyscraper as collateral, Cinco Dias reported,citing unnamed sources close to the negotiations.

INDITEX

Credit Suisse has raised its price target to 25 euros per share from 20 euros per share with a 'underperform' rating following the retail group's first half earnings.

REPSOL

Morgan Stanley has raised its price target for Repsol shares to 23.5 euro per share from 20 euros per share with an 'overweight' stance.

UBS raised its price target to 21.5 euro per share from 20 euro per share with a 'buy' stance.

BBVA

Spain's second-largest bank said it had successfully raised 2 billion euros from an issue of convertible bonds.

Separately, BBVA agreed to sell a property portfolio to a consortium led by a Deutsche Bank real estate fund for almost 1.15 billion euros, the bank said on Friday.

ECONOMICS 

The government faces a struggle to obtain parliamentary approval for a budget which aims to cut the budget deficit by boosting taxes including VAT.