Rio Times
HSBC Downgrades Banco Santander Brasil on Liquidity Concerns
Key Facts — What happened. HSBC cut Banco Santander Brasil to Hold from Buy on Monday, citing future liquidity concerns. — How big. HSBC cut its price target 14%, to R$31 (US$6.03) from R$36 (US$7.00). — The catch. The downgrade is not…
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