Alphavalue upgrades Santander to 'reduce' on improved long-term prospects
ReutersFeb 13, 2026 2:08 PM
Alphavalue lifts Spain's Banco Santander SAN.MC to "reduce" from "sell"; upgrades long-term forecasts
Says move prompted by Santander's fourth-quarter results and announced acquisition of Webster Financial WBS.N
Adds that its new forecasts are still "slightly below the group's implied net profit objectives for 2027 and above all 2028"
Maintains PT at 10.9 euros ($13), implying an 8% upside to current share price
17 of 25 analysts rate the stock "strong buy" or "buy", 7 "hold" and 1 "strong sell" - LSEG data
($1 = 0.8418 euros)
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