Goldman Sachs raises UBS price target to 42.90 francs maintains buy rating

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.

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