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Fly News Breaks for August 30, 2017
SC
Aug 30, 2017 | 06:05 EDT
Piper Jaffray analyst Kevin Barker upgraded Santander Consumer to Overweight saying the stock at current levels represents a "very compelling risk-reward." The analyst sees "many ways to win," including more clarity on loss run rates in 2018 and an increased chance of a parent company buyout once the former CEO's stake is bought, which Barker expects will happen in the near future. He raised his price target for Santander Consumer to $17 from $14 and believes the stock could trade to $20-plus.
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