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Kepler Cheuvreux

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kepler cheuvreux upgrades ubsg stock rating and raises price target

Kepler Cheuvreux has upgraded UBS Group AG's stock rating from Hold to Buy, raising the price target from CHF 28.50 to CHF 33.00, reflecting confidence in the bank's financial prospects despite potential capital shortfalls. UBS reported a net profit of $1.4 billion for Q3 2024, with a year-to-date profit before tax of $7.1 billion and a 9% increase in underlying revenues. The bank plans $15 billion in buybacks from 2025 to 2027 and continues to invest in technology to support long-term growth.
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Finance & Economy, Market Report
16:36 09.01.2025

kepler cheuvreux upgrades ub s stock rating and raises price target

Kepler Cheuvreux has upgraded UBS Group AG's stock rating from Hold to Buy, raising the price target from CHF 28.50 to CHF 33.00, reflecting confidence in the bank's financial prospects despite potential capital shortfalls. UBS reported a net profit of $1.4 billion for Q3 2024, with a year-to-date profit before tax of $7.1 billion and a 9% increase in underlying revenues. The bank plans $15 billion in buybacks from 2025 to 2027 and continues to invest in technology to support long-term growth.
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Finance & Economy, Market Report
16:21 09.01.2025
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