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UBS: Oddo upgrades stock

( - Oddo has upgraded its rating on the UBS stock to Neutral (vs.

The share's upside potential is now about equal to the sector average: this is the main reason behind the broker's upgrade. In addition, UBS has confirmed its fundamental qualities with Q2 results and a better visibility on shareholder remuneration, analysts say.

Over 2020 analysts have consistently applied a very conservative sector scenario. Q2 results confirm that this was pessimistic. In addition, they raise their 2021 results by 6%, the broker adds.

It has raised its target for the share to 13.3 Swiss francs, vs. 13.0 Swiss francs previously.

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