|ALANTRA (ex N+1)||Fernando Lafuente||BUY||11.41||2/19/2021|
|BANCO SABADELL||Antonio Martos||BUY||9.60||11/27/2020|
|BOA-MERRILL LYNCH||Mehdi Ennebati||BUY||10.60||2/23/2021|
|BPI||Pedro Sousa Alves||BUY||12.80||12/21/2020|
|CREDIT SUISSE||Thomas Adolff||UNDERPERFORM||10.80||2/19/2021|
|EXANE BNP PARIBAS||Lucas Hermann||NEUTRAL||8.30||12/15/2020|
|GOLDMAN SACHS||Michele Della Vigna||BUY||13.00||2/23/2021|
|GVC ESN||Victor Peiró||BUY||13.00||12/1/2020|
|JP MORGAN CAZENOVE||Matthew Lofting||UNDERWEIGHT||8.50||1/15/2021|
|KEPLER CHEUVREUX||Pablo Cuadrado||BUY||12.00||2/19/2021|
|MEDIOBANCA ||Alessandro Pozzi||NEUTRAL||11.00||2/19/21|
|MORGAN STANLEY||Martijn Rats||EQUALWEIGHT||10.00||2/19/2021|
|ODDO SECURITIES||Ahmed Ben Salem||NEUTRAL||9.00||2/39/2021|
|RBC SECURITIES||Biraj Borkhataria||SECTOR PERFORM||11.00||2/22/2021|
|SOCIÉTÉ GÉNÉRALE||Irene Himona||BUY||11.50||1/14/2021|
"Repsol regularly posts an average of the Target Prices published by entities and professionals that periodically issue investment recommendations on REPSOL in the "Analysts" section of its website (hereinafter "Analysts"). This list is not exhaustive. It does not include all the entities and professionals that issue investment recommendations on REPSOL and is subject to change.
This information is provided voluntarily by REPSOL for merely informative purposes. REPSOL has no intention of providing any type of investment-related recommendation or assessment.
The interpretations, estimates, opinions, forecasts, predictions, price targets, hypotheses, conclusions and recommendations, in addition to any non-factual information related to REPSOL's performance analyzed by the Analysts, are exclusively theirs and, therefore, do not represent the interpretations, estimates, opinions, forecasts, predictions, price targets, hypotheses, conclusions, or recommendations of REPSOL or any of its directors or employees.
The publication of this list or of information on Analyst coverage, including the estimated results consensus, does not imply any type of endorsement or ratification by REPSOL of the interpretations, estimates, opinions, forecasts, predictions, price targets, hypotheses, conclusions and recommendations of the Analysts. REPSOL does not guarantee and has not adopted any measure to verify the accuracy, suitability, or exhaustiveness of this information, and under no circumstance does it assume responsibility for any inaccuracies, omissions, or errors contained therein; conclusions drawn therefrom; or any decision made based this information. This declaration also applies to the Analysts' obligation to document all circumstances that could reasonably jeopardize the objectivity of their recommendations and, in particular, all the relevant financial interests in the financial securities and instruments that constitute the object of the recommendation or conflicts of interest with the issuer to which the recommendation makes reference."