Banco Santander downgraded to Sell from Hold at Societe Generale

Societe Generale downgraded Banco Santander to Sell saying decreasing profitability in key markets puts the company's fully-loaded Core Tier 1 ratio target at risk.

The firm cut its price target for the shares to EUR 4.0 from EUR 4.2.

 

*Société Générale S.A. is a French multinational banking and financial services company headquartered in Paris. The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking, International Retail Banking, Financial services, Corporate and Investment Banking, Private Banking, Asset Management and Securities Services. 

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