Julius Baer upgraded to Overweight from Equal Weight at Barclays

Barclays analyst Amit Goel upgraded Julius Baer (JBAXY) to Overweight from Equal Weight with a price target of CHF 81, up from CHF 66. The We market is "significantly underestimating" the challenges of integrating Credit Suisse (CS) for UBS (UBS), both politically and culturally, the analyst tells investors in a research note. In the meantime, the firm see Julius Baer as the likely "major beneficiary."