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   <title>Barclays Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Equalweight</title>
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   <description>&lt;p&gt;Barclays analyst Cecilia Reyes upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Underweight to Equalweight with a price target of EUR3.80 (from EUR3.30).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade Sabadell to EW as we believe the investment case has improved since our downgrade in February. Our previous Underweight thesis was based on concerns that the prolonged M&amp;A process had weakened Sabadell’s commercial momentum, making delivery of its ambitious financial targets increasingly challenging. While these execution risks have not disappeared, several developments have improved the outlook: (i) a substantially more supportive interest rate environment, providing greater visibility on NII growth; (ii) the</description>
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   <title>Barclays Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Equalweight</title>
   <link>http://www.streetinsider.com/Upgrades/Barclays+Upgrades+Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+to+Equalweight/27205330.html</link>
   <description>&lt;p&gt;Barclays analyst Cecilia Reyes upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Underweight to Equalweight with a price target of EUR3.80 (from EUR3.30).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade Sabadell to EW as we believe the investment case has improved since our downgrade in February. Our previous Underweight thesis was based on concerns that the prolonged M&amp;A process had weakened Sabadell’s commercial momentum, making delivery of its ambitious financial targets increasingly challenging. While these execution risks have not disappeared, several developments have improved the outlook: (i) a substantially more supportive interest rate environment, providing greater visibility on NII growth; (ii) the</description>
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   <title>Barclays Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Equalweight</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Barclays+Upgrades+Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+to+Equalweight/27205330.html</link>
   <description>&lt;p&gt;Barclays analyst Cecilia Reyes upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Underweight to Equalweight with a price target of EUR3.80 (from EUR3.30).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade Sabadell to EW as we believe the investment case has improved since our downgrade in February. Our previous Underweight thesis was based on concerns that the prolonged M&amp;A process had weakened Sabadell’s commercial momentum, making delivery of its ambitious financial targets increasingly challenging. While these execution risks have not disappeared, several developments have improved the outlook: (i) a substantially more supportive interest rate environment, providing greater visibility on NII growth; (ii) the</description>
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   <title>Barclays Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Equalweight</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Barclays+Upgrades+Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+to+Equalweight/27205330.html</link>
   <description>&lt;p&gt;Barclays analyst Cecilia Reyes upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Underweight to Equalweight with a price target of EUR3.80 (from EUR3.30).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade Sabadell to EW as we believe the investment case has improved since our downgrade in February. Our previous Underweight thesis was based on concerns that the prolonged M&amp;A process had weakened Sabadell’s commercial momentum, making delivery of its ambitious financial targets increasingly challenging. While these execution risks have not disappeared, several developments have improved the outlook: (i) a substantially more supportive interest rate environment, providing greater visibility on NII growth; (ii) the</description>
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   <title>Barclays Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Equalweight</title>
   <link>http://www.streetinsider.com/Upgrades/Barclays+Upgrades+Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+to+Equalweight/27205330.html</link>
   <description>&lt;p&gt;Barclays analyst Cecilia Reyes upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Underweight to Equalweight with a price target of EUR3.80 (from EUR3.30).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade Sabadell to EW as we believe the investment case has improved since our downgrade in February. Our previous Underweight thesis was based on concerns that the prolonged M&amp;A process had weakened Sabadell’s commercial momentum, making delivery of its ambitious financial targets increasingly challenging. While these execution risks have not disappeared, several developments have improved the outlook: (i) a substantially more supportive interest rate environment, providing greater visibility on NII growth; (ii) the</description>
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   <title>Barclays Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Equalweight</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Barclays+Upgrades+Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+to+Equalweight/27205330.html</link>
   <description>&lt;p&gt;Barclays analyst Cecilia Reyes upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Underweight to Equalweight with a price target of EUR3.80 (from EUR3.30).&lt;/p&gt;&lt;p&gt;The analyst comments: “We upgrade Sabadell to EW as we believe the investment case has improved since our downgrade in February. Our previous Underweight thesis was based on concerns that the prolonged M&amp;A process had weakened Sabadell’s commercial momentum, making delivery of its ambitious financial targets increasingly challenging. While these execution risks have not disappeared, several developments have improved the outlook: (i) a substantially more supportive interest rate environment, providing greater visibility on NII growth; (ii) the</description>
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   <title>BNP Paribas Exane Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Outperform</title>
   <link>http://www.streetinsider.com/Intl+Ratings/BNP+Paribas+Exane+Upgrades+Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+to+Outperform/27097968.html</link>
   <description>&lt;p&gt;BNP Paribas Exane analyst Ignacio Ulargui upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Neutral to Outperform with a price target of EUR4.30.&lt;/p&gt;&lt;p&gt;The analyst comments: “In the last 15 years we have been cautious on Sabadell. We believe that the new management (since May 2026) has a unique opportunity to reverse some of the decisions taken in the past, which have led to a relatively low RoTE relative to peers. We upgrade to Outperform with a EUR4.3 TP.&lt;/p&gt;&lt;p&gt;Sabadell has been quite clear about the need to improve RoTE during our post 2Q26 results roadshow. We have updated our model</description>
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   <pubDate>Thu, 24 Sep 2026 03:09:39 -0400</pubDate>
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   <title>BNP Paribas Exane Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Outperform</title>
   <link>http://www.streetinsider.com/Upgrades/BNP+Paribas+Exane+Upgrades+Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+to+Outperform/27097968.html</link>
   <description>&lt;p&gt;BNP Paribas Exane analyst Ignacio Ulargui upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Neutral to Outperform with a price target of EUR4.30.&lt;/p&gt;&lt;p&gt;The analyst comments: “In the last 15 years we have been cautious on Sabadell. We believe that the new management (since May 2026) has a unique opportunity to reverse some of the decisions taken in the past, which have led to a relatively low RoTE relative to peers. We upgrade to Outperform with a EUR4.3 TP.&lt;/p&gt;&lt;p&gt;Sabadell has been quite clear about the need to improve RoTE during our post 2Q26 results roadshow. We have updated our model</description>
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   <title>BNP Paribas Exane Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Outperform</title>
   <link>http://www.streetinsider.com/Analyst+Comments/BNP+Paribas+Exane+Upgrades+Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+to+Outperform/27097968.html</link>
   <description>&lt;p&gt;BNP Paribas Exane analyst Ignacio Ulargui upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Neutral to Outperform with a price target of EUR4.30.&lt;/p&gt;&lt;p&gt;The analyst comments: “In the last 15 years we have been cautious on Sabadell. We believe that the new management (since May 2026) has a unique opportunity to reverse some of the decisions taken in the past, which have led to a relatively low RoTE relative to peers. We upgrade to Outperform with a EUR4.3 TP.&lt;/p&gt;&lt;p&gt;Sabadell has been quite clear about the need to improve RoTE during our post 2Q26 results roadshow. We have updated our model</description>
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   <title>BNP Paribas Exane Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Outperform</title>
   <link>http://www.streetinsider.com/Intl+Ratings/BNP+Paribas+Exane+Upgrades+Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+to+Outperform/27097968.html</link>
   <description>&lt;p&gt;BNP Paribas Exane analyst Ignacio Ulargui upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Neutral to Outperform with a price target of EUR4.30.&lt;/p&gt;&lt;p&gt;The analyst comments: “In the last 15 years we have been cautious on Sabadell. We believe that the new management (since May 2026) has a unique opportunity to reverse some of the decisions taken in the past, which have led to a relatively low RoTE relative to peers. We upgrade to Outperform with a EUR4.3 TP.&lt;/p&gt;&lt;p&gt;Sabadell has been quite clear about the need to improve RoTE during our post 2Q26 results roadshow. We have updated our model</description>
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   <pubDate>Thu, 24 Sep 2026 03:09:39 -0400</pubDate>
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   <title>BNP Paribas Exane Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Outperform</title>
   <link>http://www.streetinsider.com/Upgrades/BNP+Paribas+Exane+Upgrades+Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+to+Outperform/27097968.html</link>
   <description>&lt;p&gt;BNP Paribas Exane analyst Ignacio Ulargui upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Neutral to Outperform with a price target of EUR4.30.&lt;/p&gt;&lt;p&gt;The analyst comments: “In the last 15 years we have been cautious on Sabadell. We believe that the new management (since May 2026) has a unique opportunity to reverse some of the decisions taken in the past, which have led to a relatively low RoTE relative to peers. We upgrade to Outperform with a EUR4.3 TP.&lt;/p&gt;&lt;p&gt;Sabadell has been quite clear about the need to improve RoTE during our post 2Q26 results roadshow. We have updated our model</description>
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   <title>BNP Paribas Exane Upgrades Banco de Sabadell SA (SAB:SM) (BNDSF) to Outperform</title>
   <link>http://www.streetinsider.com/Analyst+Comments/BNP+Paribas+Exane+Upgrades+Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+to+Outperform/27097968.html</link>
   <description>&lt;p&gt;BNP Paribas Exane analyst Ignacio Ulargui upgraded Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) from Neutral to Outperform with a price target of EUR4.30.&lt;/p&gt;&lt;p&gt;The analyst comments: “In the last 15 years we have been cautious on Sabadell. We believe that the new management (since May 2026) has a unique opportunity to reverse some of the decisions taken in the past, which have led to a relatively low RoTE relative to peers. We upgrade to Outperform with a EUR4.3 TP.&lt;/p&gt;&lt;p&gt;Sabadell has been quite clear about the need to improve RoTE during our post 2Q26 results roadshow. We have updated our model</description>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.57 at Citi</title>
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   <description>Citi analyst Borja Ramirez Segura raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.57  (from EUR3.25) while maintaining a Neutral rating.</description>
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   <pubDate>Tue, 15 Sep 2026 04:24:08 -0400</pubDate>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.57 at Citi</title>
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   <description>Citi analyst Borja Ramirez Segura raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.57  (from EUR3.25) while maintaining a Neutral rating.</description>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.57 at Citi</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+PT+Raised+to+EUR3.57+at+Citi/27060152.html</link>
   <description>Citi analyst Borja Ramirez Segura raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.57  (from EUR3.25) while maintaining a Neutral rating.</description>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.57 at Citi</title>
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   <description>Citi analyst Borja Ramirez Segura raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.57  (from EUR3.25) while maintaining a Neutral rating.</description>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.40 at Morgan Stanley</title>
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   <description>Morgan Stanley analyst Alvaro Serrano raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.40  (from EUR3.10) while maintaining a Equalweight rating.</description>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.40 at Morgan Stanley</title>
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   <description>Morgan Stanley analyst Alvaro Serrano raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.40  (from EUR3.10) while maintaining a Equalweight rating.</description>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.40 at Morgan Stanley</title>
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   <description>Morgan Stanley analyst Alvaro Serrano raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.40  (from EUR3.10) while maintaining a Equalweight rating.</description>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.40 at Morgan Stanley</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+PT+Raised+to+EUR3.40+at+Morgan+Stanley/27014743.html</link>
   <description>Morgan Stanley analyst Alvaro Serrano raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.40  (from EUR3.10) while maintaining a Equalweight rating.</description>
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   <pubDate>Wed, 02 Sep 2026 05:07:58 -0400</pubDate>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.75 at Deutsche Bank</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+PT+Raised+to+EUR3.75+at+Deutsche+Bank/26860570.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Alfredo Alonso raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.75 (from EUR3.45) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst comments: “2Q26 earnings showed that the post-BBVA commercial disruption is behind us, with volume growth replacing pricing as the primary driver of NII expansion. Consequently, we project a slight beat to the bank’s FY26 NII guidance (of &gt;1% growth) and a strong recovery by 2027-28. This optimism is underpinned by bottomed customer margins and structural ALCO tailwinds. While the bank is not highly rate-sensitive, a slight margin expansion combined with fee improvements, cost</description>
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   <pubDate>Tue, 04 Aug 2026 06:02:39 -0400</pubDate>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.75 at Deutsche Bank</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+PT+Raised+to+EUR3.75+at+Deutsche+Bank/26860570.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Alfredo Alonso raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.75 (from EUR3.45) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst comments: “2Q26 earnings showed that the post-BBVA commercial disruption is behind us, with volume growth replacing pricing as the primary driver of NII expansion. Consequently, we project a slight beat to the bank’s FY26 NII guidance (of &gt;1% growth) and a strong recovery by 2027-28. This optimism is underpinned by bottomed customer margins and structural ALCO tailwinds. While the bank is not highly rate-sensitive, a slight margin expansion combined with fee improvements, cost</description>
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   <pubDate>Tue, 04 Aug 2026 06:02:39 -0400</pubDate>
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  <item>
   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.75 at Deutsche Bank</title>
   <link>http://www.streetinsider.com/Analyst+Comments/Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+PT+Raised+to+EUR3.75+at+Deutsche+Bank/26860570.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Alfredo Alonso raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.75 (from EUR3.45) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst comments: “2Q26 earnings showed that the post-BBVA commercial disruption is behind us, with volume growth replacing pricing as the primary driver of NII expansion. Consequently, we project a slight beat to the bank’s FY26 NII guidance (of &gt;1% growth) and a strong recovery by 2027-28. This optimism is underpinned by bottomed customer margins and structural ALCO tailwinds. While the bank is not highly rate-sensitive, a slight margin expansion combined with fee improvements, cost</description>
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   <pubDate>Tue, 04 Aug 2026 06:02:39 -0400</pubDate>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.75 at Deutsche Bank</title>
   <link>http://www.streetinsider.com/Analyst+PT+Change/Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+PT+Raised+to+EUR3.75+at+Deutsche+Bank/26860570.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Alfredo Alonso raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.75 (from EUR3.45) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst comments: “2Q26 earnings showed that the post-BBVA commercial disruption is behind us, with volume growth replacing pricing as the primary driver of NII expansion. Consequently, we project a slight beat to the bank’s FY26 NII guidance (of &gt;1% growth) and a strong recovery by 2027-28. This optimism is underpinned by bottomed customer margins and structural ALCO tailwinds. While the bank is not highly rate-sensitive, a slight margin expansion combined with fee improvements, cost</description>
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   <pubDate>Tue, 04 Aug 2026 06:02:39 -0400</pubDate>
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   <title>Banco de Sabadell SA (SAB:SM) (BNDSF) PT Raised to EUR3.75 at Deutsche Bank</title>
   <link>http://www.streetinsider.com/Intl+Ratings/Banco+de+Sabadell+SA+%28SAB%3ASM%29+%28BNDSF%29+PT+Raised+to+EUR3.75+at+Deutsche+Bank/26860570.html</link>
   <description>&lt;p&gt;Deutsche Bank analyst Alfredo Alonso raised the price target on Banco de Sabadell SA (SAB:SM) (OTC: BNDSF) to EUR3.75 (from EUR3.45) while maintaining a Buy rating.&lt;/p&gt;&lt;p&gt;The analyst comments: “2Q26 earnings showed that the post-BBVA commercial disruption is behind us, with volume growth replacing pricing as the primary driver of NII expansion. Consequently, we project a slight beat to the bank’s FY26 NII guidance (of &gt;1% growth) and a strong recovery by 2027-28. This optimism is underpinned by bottomed customer margins and structural ALCO tailwinds. While the bank is not highly rate-sensitive, a slight margin expansion combined with fee improvements, cost</description>
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   <pubDate>Tue, 04 Aug 2026 06:02:39 -0400</pubDate>
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