Credit Suisse: UBS a buyer ahead of quarterly results
(CercleFinance.com) - UBS recommends investors buy Credit Suisse shares ahead of the Swiss bank's first-quarter results on 24 April.
The broker - which has a 15 Swiss francs target price for the stock - said it expects good performance in assets under management, thanks to strong year-to-date equity market performance, although soft gross margins due to low client activity levels.
In its note, UBS also warned that the Asia-Pacific region remains "challenging."
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker - which has a 15 Swiss francs target price for the stock - said it expects good performance in assets under management, thanks to strong year-to-date equity market performance, although soft gross margins due to low client activity levels.
In its note, UBS also warned that the Asia-Pacific region remains "challenging."
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.