Goldman Sachs has increased its price target for UBS Group shares, while maintaining a "Buy" rating.
The bank's strong surplus and robust earnings in its core business were highlighted in a report by analyst Chris Hallam.
The updated estimates reflect confidence in UBS's financial performance, indicating a positive outlook for the major Swiss bank.
This adjustment comes at a time when the banking sector's resilience and profitability are being evaluated.
UBS is recommended as a strong investment option based on the favorable assessment from Goldman Sachs.