UPDATE 1-Spanish stocks - Factors to watch on May 12
Adds Iberdrola and Compania Espanola de Viviendas en Alquiler results
May 12 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:
Spain's utility Iberdrola reported a 1.5% rise in first-quarter core earnings on Wednesday, supported by rapid building of renewable energy plants and investments in its network businesses. nL8N2MZ2BQ
The company also said on Tuesday it had implemented a buy-back programme for about 0.234 % of its share capital. nFWN2MY1HJ
Telefonica, through its subsidiary Telefonica Tech, has strengthened its strategic alliance with Microsoft MSFT.O by signing an agreement that will allow it to accelerate the digital transformation of the industrial sector, Spanish economic newspaper Expansion reported on Wednesday.
Merlin Properties MRL.MC
Merlin has signed a turnkey project with Logista LOG.MC for a logistics development in the Corredor del Henares, Spain, Spanish economic newspaper Expansion reported on Wednesday.
Compania Espanola de Viviendas en Alquiler CEV.MC
The company said on Wednesday that its net profit for the three first months of the year increased 52.2% to 3.5 million euros ($4.25 million) compared with the same period in 2020. nFWN2MZ0K8
RENTA CORP REN.MC
The company said on Tuesday that its Q1 net profit doubled year-on-year to 1.6 million euros. nFWN2MY19R
JP Morgan cut its target price to 2.70 euros from 2.85 euros. nFWN2MZ03R
Jefferies raised target price to 14.50 euros from 13.50 euros. nFWN2MY16R
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