Santander: Deutsche Bank downgrade buy rating
(CercleFinance.com) - This morning, Deutsche Bank has downgraded its "buy" rating on the Santander stock to "hold," shaving over one euro off its target price, from 4.
90 euros to 3.75 euros.
As part of a report on the banking sector in the Iberian Peninsula, analysts have updated their earnings estimates. "Deutsche" expects Santander's profits to resist over the next two years, but also fears that capitalisation constraints will continue to weigh on the share.
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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.
90 euros to 3.75 euros.
As part of a report on the banking sector in the Iberian Peninsula, analysts have updated their earnings estimates. "Deutsche" expects Santander's profits to resist over the next two years, but also fears that capitalisation constraints will continue to weigh on the share.
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.