He says he picks the stock, as well as Caixabank as ‘new winners in changing waters’, raising his views ‘based on the healthiest geographic exposures and encouraging upside potential from rate hikes’.
Regarding Santander’s exposure to Brazil, the broker notes that ‘the market is less worried about the political outlook before the elections’, and points to ‘the encouraging appreciation of the ral, in a context of rising commodity prices’.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held liable directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.