Santander: UBS maintains 'buy' rating
(CercleFinance.com) - UBS maintains its "buy" rating on the Santander share, with a target price of 5.
30 euros, which suggests 30% upside potential for the share of the Spanish bank.
The broker says in its note, that “SAN trades cheaply ahead of next week's Investor day, but a more visible rerating hinges on convincing EPS drivers and capital comfort in a reasonable timeframe.”
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
30 euros, which suggests 30% upside potential for the share of the Spanish bank.
The broker says in its note, that “SAN trades cheaply ahead of next week's Investor day, but a more visible rerating hinges on convincing EPS drivers and capital comfort in a reasonable timeframe.”
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.