UPDATE: Bank of America Downgrades Banco Bilbao Vizcaya Argentaria SA on Valuation, Lower Earnings Estimates

In a report published Monday, Bank of America analyst Sergio Gamez downgraded the rating on Banco Bilbao Vizcaya Argentaria SA (NYSE: BBVA ) from Neutral to Underperform, and lowered the price target from $10.70 to $10.45. In the report, Bank of America noted, “BBVA's share price has increased by 37%