UBS Group AG has recently reached its highest point since 2008, thanks to a positive outlook from Kepler Cheuvreux SA. The firm has upgraded its recommendation on UBS stock from hold to buy, stating that they believe the bank can handle higher capital requirements and potentially execute up to $15 billion in share buybacks between 2025 and 2027.
As a result of this news, UBS shares experienced a significant increase of 2.8%, marking the longest streak of consecutive gains in eight sessions since March of the previous year. Analyst Nicolas Payen's forecast demonstrates a growing confidence in UBS's financial strategy and market position.