RBC has given UBS an 'Outperform' rating and set a target price of 32 francs.

Anke Reingen, an analyst, believes that the current economic uncertainty is overshadowing the fundamentals of major European banks. In her sector report, she expressed a preference for financial institutions that have lower dependence on net interest income, a stronger focus on the U.S. market, and effective cost management.

Reingen's preferred stocks within the sector include Barclays, UBS, Julius Baer, Deutsche Bank, BNP, and OSB Group. The report, published on November 26, 2024, reflects the ongoing challenges faced by the banking sector due to fluctuating economic conditions.