HSBC reiterated their hold rating on shares of Banco Santander Brasil ( NYSE:BSBR – Free Report ) in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a $6.20 price objective on the bank’s stock, down from their previous price objective of $7.20.
A number of other research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Banco Santander Brasil from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Zacks Research cut Banco Santander Brasil from a “hold” rating to a “strong sell” rating in a research note on Friday, July 3rd. Weiss Ratings raised Banco Santander Brasil from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 31st. JPMorgan Chase & Co. lowered Banco Santander Brasil from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $6.50 to $6.00 in a research note on Thursday, July 30th. Finally, UBS Group cut Banco Santander Brasil from a “buy” rating to a “neutral” rating in a report on Monday, August 24th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to Ma...