Julius Baer: UBS raises target price

(CercleFinance.com) - UBS maintains its "buy" rating on Julius Baer, while raising its corresponding target price from 64 Swiss francs to 73 Swiss francs, with its new target price suggesting that upside potential of 28% for the share of the Swiss wealth management bank .


"Consensus could be too high due to recent dollar weakness and rather high gross margin assumptions", the broker warns however, which expects a good H2 2022, although a declining asset base at the start of 2023.



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