What did UBS do in the SAN analyst rating on Feb 16, 2026?

UBS maintained a **Buy** rating for SAN on **Feb 16, 2026** and lowered its price target to **EUR 11.70** from **EUR 11.80**. The action keeps the positive stance while trimming near-term valuation.

How should investors interpret the SAN analyst rating maintenance?

A maintained Buy implies UBS expects upside over time. Investors should combine the SAN analyst rating with valuation, balance sheet health, and macro risk before trading.

Does the UBS price target change mean a downgrade for SAN?

No. The UBS action was not a downgrade of rating. UBS kept Buy while trimming the SAN price target by **EUR 0.10**, indicating a minor model update rather than a view reversal.

Where can I track real-time SAN analyst rating updates?

Track SAN analyst rating updates on financial news sites and aggregator pages for ADRs. Investing.com provides live SAN coverage and analyst notes for ongoing updates.

Analyst Ratings

UBS Maintains Buy on SAN (Banco Santander, S.A.) Feb 16, 2026

ByDanny Kontos February 17, 2026February 17, 2026

UBS maintained its Buy for Banco Santander, S.A. (SAN) on Feb 16, 2026, keeping the SAN analyst rating steady while trimming its price target. The UBS note lowered the target to EUR 11.70 from EUR 11.80, yet the firm kept the Buy stance. We view this as a signal of confidence in underlying franchise strength despite near-term headwinds. The UBS update is the only rating action recorded on Feb 16, 2026 and it matters for global investors watching large European banks.