Exane BNP Paribas upgraded Banco Santander to Outperform from Neutral with a EUR 4.40 price target. The firm cites a "more constructive" backdrop in Brazil for the upgrade. The firm believes consensus estimates for Santander are too negative.
Published first on TheFly
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- Banco Santander price target raised to EUR 4.70 from EUR 4.20 at JPMorgan
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- Banco Santander price target raised to EUR 4.10 from EUR 3.95 at RBC Capital
- Banco Santander price target raised to EUR 4.20 from EUR 3.80 at Berenberg
- Banco Santander price target raised to EUR 4.85 from EUR 4.50 at UBS