This Cellectis Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday
Analysts downgraded Banco Santander Brasil, Ribbon Communications, Cellectis, Scholar Rock, with mixed price-target changes.
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HSBC Downgrades Banco Santander to Hold, Lowers Price Target to $6.2
HSBC analyst Carlos Gomez-Lopez downgrades Banco Santander (NYSE:BSBR) from Buy to Hold and lowers the price target from $7.2 to $6.2.
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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.
Shares of banks and financial services companies are trading lower amid rising bond yields and the risk of a Fed rate hike today, which would curtail global lending and potentially weaken the value of corporate loan books.