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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBS:
- UBS upgraded to Neutral from Underperform at BofA
- UBS Group AG: Positive Indicators and Strong Financial Health Justify Buy Rating
- UBS made about 100 ‘goodwill payments’ to Swiss clients, FT says
- UBS, C: Major Banks Fined $3B over Money Laundering Scandal in Singapore
- UBS Hikes Tesla Target to $235, but Warns Robotaxi Hype Doesn’t Justify Valuation