UBS downgraded Julius Baer (JBAXY) to Neutral from Buy with a price target of CHF 55, down from CHF 64.50. Despite a sensible strategy, realistic targets, and access to growing wealth pools, Julius Baer “faces a long journey to re-rating,” the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBAXY:
- Julius Baer price target lowered to CHF 60 from CHF 63 at RBC Capital
- Julius Baer price target lowered to CHF 69 from CHF 72 at JPMorgan
- Julius Baer price target lowered to CHF 63 from CHF 65 at RBC Capital
- Julius Baer downgraded to Underweight from Equal Weight at Morgan Stanley
- Sell Rating for Julius Baer Group Ltd. Amid Earnings Risks and Currency Mismatch Concerns