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JP Morgan Downgrades Banco Santander to Neutral, Lowers Price Target to $6
JP Morgan analyst Domingos Falavina downgrades Banco Santander (NYSE:BSBR) from Overweight to Neutral and lowers the price target from $6.5 to $6.
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Shares of banking and financial service companies are trading higher as declining oil prices and a weaker U.S. dollar have eased inflation concerns. The shift has reduced expectations that interest rates will remain elevated, improving sentiment across the broader financial sector.
JP Morgan Maintains Overweight on Banco Santander, Lowers Price Target to $6.5