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Fly News Breaks for October 30, 2015
SC
Oct 30, 2015 | 08:35 EDT
After Santander Consumer reported lower than expected EPS, BMO Capital blames the miss on recurring credit costs. BMO still expects the company to eventually benefit from high margin asset growth. The firm continues to recommend that shorter-term, event-driven investors with high risk tolerance buy the shares. It cut its price target on the name to $27 from $35 but keeps an Outperform rating.
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