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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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