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Analysts Recommendations

Last update: 05/03/2013

Entity	Analyst	Date	Recomendation	Target Price
RBC Capital Markets	Andy Jones	05/22/2013	Buy	15.0
JB Capital Markets	Daniel Gandoy	05/15/2013	Buy	13.4
Morgan Stanley	Jaime Rowbotham	05/15/2013	Hold	14.2
NOMURA	Peter Larkin	05/03/2013	Buy	14.4
Exane BNP Paribas	Nicolas Mora	05/02/2013	Hold	13.5
Espirito Santo	Juan Carlos Calvo	05/02/2013	Hold	12.8
N+1 Equities	José Ramón Ocina	05/02/2013	Hold	14.2
Equita SIM	Stefano Gamberini	05/02/2013	Hold	13.9
Société Générale	Victor Acitores	05/01/2013	Hold	14.6
Deutsche Bank	José Francisco Ruiz	04/30/2013	Buy	14.3
Bankia Bolsa	Rafael Fernández de Heredia	04/30/2013	Buy	13.8
Banco Sabadell	María Cebollero	04/30/2013	Sell	14.4
Raymond James	Arnaud Palliez	04/30/2013	Hold	12.5
Ahorro Corporación	Rafael Cavanillas	04/30/2013	Buy	14.5
NATIXIS Securities	Gregoire Thibault	04/30/2013	Hold	12.2
BBVA	Antonio Rodriguez	04/30/2013	Hold	11.4
BPI	Pedro Pinto Oliveira	04/29/2013	Hold	14.0
Santander	Joaquín González	04/10/2013	Buy	13.4
Banesto Bolsa	Marta Olba	04/02/2013	Hold	13.3
Cheuvreux	Borja Castro	03/20/2013	Buy	15.0
Interdin	Pablo Ortiz de Juan	03/19/2013	Hold	13.5
La Caixa	Borja Pagoaga	03/12/2013	Buy	14.7
Barclays	Susanna Invernizzi	02/20/2013	Sell	13.0
Fidentiis	Daniel Rodriguez	02/20/2013	Hold	12.4
Bank of America-Merrill Lynch	Marcin Wojtal	02/19/2013	Hold	12.5
UBS	Bosco Ojeda	02/19/2013	Hold	13.0
Mirabaud Finanzas	Javier Mielgo	01/09/2013	Sell	12.0
JP Morgan Cazenove	Elodie Rall	12/04/2012	Buy	15.5

Legal notice:
The inclusion of this list does not represent any kind of support or backing of any kind of information, estimation, prediction or opinion of these companies, with such a notion being herein specifically rejected.

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Analysts Recommendations