UBS: Oddo upgrades stock

(CercleFinance.com) - Oddo has upgraded its rating on the UBS stock to Neutral (vs.
Reduce).

The share's upside potential is now about equal to the sector average: this is the main reason behind the broker's upgrade. In addition, UBS has confirmed its fundamental qualities with Q2 results and a better visibility on shareholder remuneration, analysts say.

Over 2020 analysts have consistently applied a very conservative sector scenario. Q2 results confirm that this was pessimistic. In addition, they raise their 2021 results by 6%, the broker adds.

It has raised its target for the share to 13.3 Swiss francs, vs. 13.0 Swiss francs previously.


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.