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UCB: UBS upgrades stock

( - UBS has upgrade its rating on UCB shares from "neutral" to "buy", having increased its target price for them from 90 euros to 116 euros, with the latter representing upside potential of 17% for the Belgian pharmaceutical company's stock.

"Potential approval is near for bimekizumab in psoriasis," the broker says, which says "We think success in ankylosing spondylitis is not priced in and ph3 data Q4 can drive the shares up".

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