UBS: Credit Suisse still a buyer
(CercleFinance.com) - Credit Suisse confirms its Outperform rating on UBS shares, nudging up its target price for them to 22.
50 Swiss francs.
"UBS has announced an increase in its 2022 dividend to $0.55 (consensus $0.53) and an unspecified increase in its buyback target of $5bn," the analyst notes, who raises his 2022 buyback estimate to 5.5 billion dollars.
Credit Suisse's net EPS estimates rise by an average of 2% over 2022-24, "taking our price target up to CHF22.50. Our EPS forecasts over 2022-24 are on average 10% ahead of consensus," the analyst said.
Finally, Credit Suisse points out that "equity and capital market developments, cost control and the pace of surplus capital repayment are all key drivers and risks for UBS".
Copyright (c) 2022 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.
50 Swiss francs.
"UBS has announced an increase in its 2022 dividend to $0.55 (consensus $0.53) and an unspecified increase in its buyback target of $5bn," the analyst notes, who raises his 2022 buyback estimate to 5.5 billion dollars.
Credit Suisse's net EPS estimates rise by an average of 2% over 2022-24, "taking our price target up to CHF22.50. Our EPS forecasts over 2022-24 are on average 10% ahead of consensus," the analyst said.
Finally, Credit Suisse points out that "equity and capital market developments, cost control and the pace of surplus capital repayment are all key drivers and risks for UBS".
Copyright (c) 2022 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.