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Fly News Breaks for May 6, 2019
SC
May 6, 2019 | 09:05 EDT
Compass Point analyst William Ryan downgraded Santander Consumer to Neutral from Buy, stating that management seemed to temper expectations for a much larger capital return along with the company's Q1 report. He has also slightly reduced his 2019 and 2020 estimates following the Q1 report, Ryan noted. Given the changes in capital return assumptions and estimates, Ryan lowered his price target on the stock to $23 from $24.
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