BME:BKTBanks
How Exane’s Shift From Outperform To Neutral At Bankinter (BME:BKT) Has Changed Its Investment Story
Earlier this week, Exane BNP Paribas cut its rating on Bankinter from “outperform” to “neutral,” saying European banks no longer offer a uniform upside and that it now prefers other names in the sector.
The downgrade marks a shift from more than four years of consistent optimism toward European banks and signals that investors may need to be more selective when comparing Bankinter with peers such as HSBC and UniCredit.
We’ll now examine how Exane’s move to a neutral stance affects...