Santander: UBS raises target price

(CercleFinance.com) - UBS confirms its 'buy' recommendation on Santander shares, raising its target price for them from E5.
75 to E5.95, with the latter offering 35% upside potential for the Spanish financial institution's shares.

It says, "We expect a solid 1Q print to facilitate the convergence of our/consensus estimates towards SAN's guidance. Valuation remains overly discounted".


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