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

Banco Santander, S.A. (NYSE:SAN) is one of the best affordable stocks under $30. Banco Santander, S.A. (NYSE:SAN) received several rating updates from top firms in January. On January 10, Bank of America Securities reaffirmed a Hold rating on Banco Santander, S.A. (NYSE:SAN) and set a price target of €11.00. The stock also received a rating update from Barclays on January 9, with the firm reiterating a Buy rating and a €11.30 price target. RBC Capital also maintained a Hold rating on the stock on January 8 and set a price target of €8.50.

In addition, Banco Santander, S.A. (NYSE:SAN) was downgraded to Hold from Buy by DZ Bank on December 19 with a EUR 10 price target.

In a separate development, Santander Corporate & Investment Banking (Santander CIB) announced on December 9 that its U.S. broker-dealer, Santander US Capital Markets LLC, entered into a strategic equity research alliance with MoffettNathanson LLC, focused on the Technology, Media, and Telecom industry. The initiative marks Santander CIB’s fourth U.S. equity research alliance, coming after earlier agreements with Vertical Research Partners LLC (industrials and materials), Telsey Advisory Group LLC (retail, consumer, and e-commerce), and Nephron Research LLC (healthcare).

Banco Santander (NYSE:SAN) is a Spain-based company that operates as a retail and commercial bank. Its segments are scattered across Continental Europe, the United Kingdom, Latin America, and the United States.

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Disclosure: None. This article is originally published at Insider Monkey.