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    Ricardo Benevides Freitas

    Research Analyst at Santander

    Ricardo Benevides Freitas is an analyst at Banco Santander, specializing in equity research and providing market forecasts for European transportation companies. He most recently covered firms such as Air France-KLM, where he issued a sell rating in July 2024 and forecasted a price target showing a projected downside of over 27%. While he is not ranked on major analyst performance platforms, his public calls demonstrate a focus on accurate downside protection and risk assessment for investors. Details about his full career timeline and professional credentials are limited, but his current role suggests active involvement in sector-specific research at a global investment bank.

    Ricardo Benevides Freitas's questions to Sanofi (SNY) leadership

    Ricardo Benevides Freitas's questions to Sanofi (SNY) leadership • Q4 2024

    Question

    Ricardo Benevides Freitas from Santander inquired about the potential impact of proposed U.S. tariffs on APIs and pharmaceuticals on Sanofi's top line and operating income, and possible mitigation strategies.

    Answer

    CFO François-Xavier Roger stated it is difficult to comment on a hypothetical situation but noted that Sanofi has a significant industrial base in the U.S., with about 25% of what it markets worldwide being produced there.

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