What Does Wall Street Think About Banco Santander (SAN)?

Banco Santander, S.A. (NYSE:SAN) is 1 of the top cheap stocks nether $20 to bargain now. Banco Santander, S.A. (NYSE:SAN) was downgraded to Hold from Buy by DZ Bank connected December 19 with a EUR 10 terms target.

In a abstracted development, Santander Corporate & Investment Banking (Santander CIB) announced connected December 9 that its U.S. broker-dealer, Santander US Capital Markets LLC, entered into a strategical equity probe confederation with MoffettNathanson LLC, focused connected the Technology, Media, and Telecom industry. MoffettNathanson is simply a starring autarkic equity probe steadfast with a squad of analysts that offers captious penetration into influential companies successful sectors crossed the Technology, Media, and Telecom industry.

The inaugural marks Santander CIB’s 4th U.S. equity probe alliance, coming aft earlier agreements with Vertical Research Partners LLC (industrials and materials), Telsey Advisory Group LLC (retail, consumer, and e-commerce), and Nephron Research LLC (healthcare).

Management further reported that the confederation would let Santander CIB to bolster its U.S. lawsuit offerings done the enlargement of entree to specialized equity probe and assemblage quality via MoffettNathanson. In addition, Santander’s planetary scale, cross-border reach, and superior markets expertise would presumption MoffettNathanson to grow its interaction with organization investors crossed the globe.

Banco Santander, S.A. (NYSE:SAN) besides received a standing update from RBC Capital connected December 5, who reaffirmed a Hold standing connected the banal and acceptable a terms people of €8.50.

Banco Santander (NYSE:SAN) is simply a Spain-based institution that operates arsenic a retail and commercialized bank. Its segments are scattered crossed Continental Europe, the United Kingdom, Latin America, and the United States.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.