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UCB: UBS upgrades stock

( - UBS has upgraded its rating on UCB shares from "sell" to "neutral", while raising its target price for them from 88 euros to 105 euros, a new target price that roughly corresponds to the the Belgian pharmaceutical company's latest share price.

2022 EBITDA margin looks better than we previously expected. Bimzelx' US approval looks on track although we think near-term consensus is still too high," the broker summarised.

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