UBS upgraded SIG Group (SCBGF) to Buy from Neutral with a price target of CHF 15, up from CHF 12.50. The share price decline is attributed to earnings weakness int he acquisitions made in 2022 and not to the core driver of the business, aseptic carton, the analyst tells investors in a research note. UBS believes it is the “right time” to revisit the story.
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