UBS has upgraded the London Stock Exchange (LSE) shares from "Neutral" to "Buy," increasing the target price from 11,500 to 13,500 pence. Analyst Michael Werner noted that despite recent strong performance, the shares remain relatively cheap, with expected profit growth of 15% annually until 2027, presenting an attractive risk/reward profile. The upcoming quarterly report is anticipated to be a key price driver, particularly in comparison to competitors.