UBS: shares up on back of analyst comments
(CercleFinance.com) - UBS emerges as one of the biggest risers in Switzerland's SMI index today (-0.
35% towards 3 pm), up 0.1% at 19.4 Swiss francs, after the bank received positive comments from analysts.
This morning analysts at Morgan Stanley maintained their "overweight" rating on the stock, which is one of their top picks in Europe.
The broker has raised its target price from 20 Swiss francs to 23 Swiss francs, saying the shares seem to be undervalued by about 20%.
In the report, UBS cites (1) global gearing to wealth creation, (2) sharp focus on costs and (3) ability to increase combined payout to 60% by 2020.
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.
35% towards 3 pm), up 0.1% at 19.4 Swiss francs, after the bank received positive comments from analysts.
This morning analysts at Morgan Stanley maintained their "overweight" rating on the stock, which is one of their top picks in Europe.
The broker has raised its target price from 20 Swiss francs to 23 Swiss francs, saying the shares seem to be undervalued by about 20%.
In the report, UBS cites (1) global gearing to wealth creation, (2) sharp focus on costs and (3) ability to increase combined payout to 60% by 2020.
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.