Banco Santander Central Hispano "buy"

01/02/07 - Ibersecurities

LONDON, January 2 (newratings.com) - Analysts at Ibersecurities maintain their "buy" rating on Banco Santander Central Hispano SA (SAN1-EUR). The target price is set to €15.

In a research note published this morning, the analysts mention that press reports indicate that banks have been ordered by Argentinean Supreme Court to return savings from the Corralito crisis. The court order is unlikely to adversely affect Banco Santander Central Hispano going forward, the analysts add.