Grupo Santander Downgrades Swatch Group to Neutral, Lifts PT

08:31 AM EDT, 07/22/2026 (MT Newswires) -- Grupo Santander on Wednesday downgraded Swiss watch company Swatch Group (UHR.SW) to neutral from outperform and increased its price target to 184 francs from 183 francs. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)