B of A Securities Upgrades Banco Santander Chile to Buy, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has upgraded Banco Santander Chile (NYSE:BSAC) from Underperform to Buy, but lowered the price target from $22 to $20.

November 02, 2023 | 11:31 am
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Banco Santander Chile's stock rating has been upgraded to Buy from Underperform by B of A Securities, although the price target has been reduced from $22 to $20.
The upgrade from Underperform to Buy indicates a positive outlook for Banco Santander Chile's stock. However, the reduction in price target from $22 to $20 suggests a lower future value than previously expected. This could lead to mixed reactions in the market, but overall, the upgrade is likely to have a positive impact on the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100