What exactly changed on February 12, 2026 for Befesa?

Citigroup maintained a Neutral rating and raised the Befesa price target to EUR 33 from EUR 29 on February 12, 2026. The BFSAF analyst rating stayed Neutral while expected upside increased slightly.

Does the maintained Neutral rating mean buy, sell, or hold?

Maintained Neutral generally means hold or no strong action. Citigroup raised the target, but without upgrading, the firm signals limited conviction for significant outperformance.

How should investors use the new EUR 33 price target?

Investors should add the EUR 33 price target to scenario models and risk calculations. Treat it as one analyst view and compare it with company guidance and sector peers before changing allocation.

Where can I see the Citigroup note and more details?

The Citigroup update was reported on February 12, 2026 and is available via the published note [source](https://thefly.com/permalinks/entry.php/id4292030/6161286394/BFSAF-Befesa-price-target-raised-by-EUR--at-Citi).

Analyst Ratings

BFSAF Befesa S.A. Feb 12, 2026 Citigroup Maintained Neutral, PT EUR 33

ByDanny Kontos February 13, 2026February 13, 2026

Citigroup on February 12, 2026 kept its Neutral view on Befesa S.A. while raising the price target to EUR 33 from EUR 29. The BFSAF analyst rating update signals a modest upward shift in analyst expectations but no change in conviction. Citigroup’s action is the only change reported today and ties directly to earnings outlook and sector dynamics. Investors should note the updated target and the maintained Neutral stance as they weigh upside versus risk.