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BofA upgrades UBS to Neutral with risks priced in

BofA upgraded UBS (UBS) to Neutral from Underperform with a price target of CHF 31, up from CHF 25. The firm sees the bank’s earnings expanding until 2028. UBS is among the worst performing European bank stock year-to-date, and its risks are now reflected in the share price, the analyst tells investors in a research note. BofA sees the stock remaining range-bound until the Q4 report when new targets are presented.

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