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Fly News Breaks for July 25, 2019
SC
Jul 25, 2019 | 07:27 EDT
As previously reported, BTIG analyst Giuliano Bologna downgraded Santander Consumer to Neutral, saying that after a rise in its stock price following its Q2 earnings beat, the valuation now "accurately" reflects its value. The analyst notes that the upside required for a Buy rating would take the forward-earnings multiple on Santander Consumer to 10.5-times expected FY20, which would be a premium to its competitors and "difficult to justify" at this point.
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