Santander: UBS raises target price

(CercleFinance.com) - UBS reinstates its "buy" rating on Santander shares, nudging up its target price for them from E4.
85 to E4.95, with the latter representing upside potential of 36% for Spanish banking establishment's share.

"Strong YTD performance raises the bar into 1Q," the broker says, adding that, "Stock attractively valued even on conservative forecasts", while "visibility in Brazil/US still limited".


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