RBC maintains outperform rating for UBS with target price of 32 francs

RBC Capital Markets has given UBS an "Outperform" rating and set a target price of 32 Swiss francs.

Anke Reingen, an analyst, believes that the current economic uncertainty is overshadowing the fundamentals of major European banks. Reingen prefers financial institutions that have less reliance on net interest income, a stronger focus on the U.S. market, and effective cost management. She has named Barclays, UBS, Julius Baer, Deutsche Bank, BNP, and OSB Group as her preferred stocks.

UBS shares were down 1.0 percent at CHF 27.49 in today's trading, which suggests a potential upside of 16.41 percent compared to the target price. The share price has increased by 8.1 percent since the beginning of 2024, and there have been 175,908 shares traded on the SIX Swiss Exchange. The next balance sheet presentation for UBS is expected on February 4, 2025.

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