Santander sees Ibovespa index at 80,000 by end 2010

Newswire

Dec 22 (Reuters) - Santander set a year-end 2010 target for Brazil's benchmark Ibovespa Index of 80,000 points, up 17 percent from current levels, and said it expects the country's equities to maintain their positive trend. "The chief driver, we believe, will be earnings growth in an environment of strong economic momentum, driven by consumer spending and capital spending," the brokerage said in its Brazil 2010 strategy report dated Dec. 21. Santander said "compelling secular trends", ...

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