Barclays Maintains Underweight on Banco Santander, Raises Price Target to $5.5
Portfolio Pulse from jenniferd'souza@benzinga.com
Barclays analyst Gilberto Garcia maintains an Underweight rating on Banco Santander (NYSE:BSBR) and raises the price target from $5 to $5.5.
July 27, 2023 | 12:18 pm
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NEUTRAL IMPACT
Barclays maintains an Underweight rating on Banco Santander and raises the price target from $5 to $5.5.
The news directly pertains to Banco Santander as Barclays maintains an Underweight rating on the bank. The price target has been raised from $5 to $5.5, indicating a potential upside. However, the Underweight rating suggests that Barclays believes the stock may underperform the market, which could limit the positive impact of the increased price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100