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Santander Chile: Analysts Boost Targets Amid Shifting Outlook
18 Dec
Summary
- JPMorgan increased Santander Chile's price target to $30 from $28.
- Citi downgraded Santander Chile to Neutral while raising its price target.
- Analysts note improved confidence tempered by questions on earnings longevity.
Analysts are recalibrating their price targets for Banco Santander Chile, with some signaling incremental upside while others express caution. JPMorgan, for instance, raised its price target to $30 from $28, suggesting increased confidence in the bank's earnings power due to strong management and balance sheet positioning. This adjustment implies that the bank's operational improvements are being recognized.
Conversely, Citi has downgraded Santander Chile to Neutral from Buy, even as they lifted their price target to CLP 70 from CLP 65. This move indicates a belief that the recent share performance has already incorporated the net interest margin recovery. Citi's stance highlights expectations of moderating earnings growth, suggesting that the risk-reward profile may have diminished.
