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Fly News Breaks for July 5, 2016
BSMX
Jul 5, 2016 | 07:10 EDT
Deutsche Bank analyst Tito Labarta downgraded Santander Mexico to Sell citing a "premium" valuation and "still limited" earnings growth. Higher interest rates could lead to mark to market losses on the company's securities portfolio, Labarta tells investors in a research note. He cut his price target for the shares to $8 from $9. The analyst this morning also downgraded peer Banorte to Sell from Hold.
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