Santander has been given a 'Buy' rating by UBS, with a target price of 6.20 euros for the bank's shares. The bank's diversified activities and low valuation are seen as factors contributing to its resilience as an investment.
However, uncertainties in Brazil and the need for realistic expectations regarding increased shareholder distributions are mentioned as potential challenges.
This assessment was published on Thursday as part of UBS's ongoing evaluation of Santander's market position.