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Credit Suisse: UBS a buyer ahead of quarterly results

( - UBS recommends investors buy Credit Suisse shares ahead of the Swiss bank's first-quarter results on 24 April.

The broker - which has a 15 Swiss francs target price for the stock - said it expects good performance in assets under management, thanks to strong year-to-date equity market performance, although soft gross margins due to low client activity levels.

In its note, UBS also warned that the Asia-Pacific region remains "challenging."

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