Leonteq: UBS downgrades to sell; stock in a spin
(CercleFinance.com) - The Leonteq share is down around 10% on the Zurich Stock Exchange after UBS downgraded its rating to "sell" (vs.
neutral). According to analysts, the share of the specialist of structured investment products is overvalued.
UBS maintains its target price at 52 Swiss francs, while the Leonteq share is trading at around 60 Swiss francs. Note that it has risen by 57% over the past year.
Indeed, UBS points out that the Leonteq share was recently driven by "significant" restructuring, the involvement of activist investors, and the renewal of key management positions. Analysts also recognise the importance of savings measures, streamlining of the group's geographic presence and improvements in its communication.
Copyright (c) 2018 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.
neutral). According to analysts, the share of the specialist of structured investment products is overvalued.
UBS maintains its target price at 52 Swiss francs, while the Leonteq share is trading at around 60 Swiss francs. Note that it has risen by 57% over the past year.
Indeed, UBS points out that the Leonteq share was recently driven by "significant" restructuring, the involvement of activist investors, and the renewal of key management positions. Analysts also recognise the importance of savings measures, streamlining of the group's geographic presence and improvements in its communication.
Copyright (c) 2018 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.