UBS: stock fall limited by broker comments
(CercleFinance.com) - UBS is down just 0.
3% at 3 pm, therefore slightly outperforming the market trend in Zurich (SMI: -0.8%), helped by Credit Suisse reiterating its "outperform" rating on the share, while raising its target price from 13.5 Swiss francs to 14 Swiss francs.
In its research comments, the broker says it "We continue to see the Swiss asset gatherers as the best positioned amid the COVID crisis," with it increasing its 2020 EPS estimate for UBS ahead of a "likely strong" second quarter.
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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.
3% at 3 pm, therefore slightly outperforming the market trend in Zurich (SMI: -0.8%), helped by Credit Suisse reiterating its "outperform" rating on the share, while raising its target price from 13.5 Swiss francs to 14 Swiss francs.
In its research comments, the broker says it "We continue to see the Swiss asset gatherers as the best positioned amid the COVID crisis," with it increasing its 2020 EPS estimate for UBS ahead of a "likely strong" second quarter.
Copyright (c) 2020 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.