Itau BBA Upgrades Banco Santander Chile to Outperform, Announces $22 Price Target
Portfolio Pulse from Benzinga Newsdesk
Itau BBA analyst Jorge Perez has upgraded Banco Santander Chile (NYSE:BSAC) from Market Perform to Outperform and set a price target of $22.
June 12, 2024 | 9:35 am
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POSITIVE IMPACT
Itau BBA has upgraded Banco Santander Chile (NYSE:BSAC) from Market Perform to Outperform, setting a price target of $22. This upgrade is likely to positively impact the stock price in the short term.
The upgrade from Market Perform to Outperform by a reputable analyst and the announcement of a $22 price target are strong positive signals for investors. Such upgrades typically lead to increased investor confidence and buying activity, which can drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100