RBC Capital analyst Anke Reingen lowered the firm’s price target on UBS to CHF 28 from CHF 29 and keeps an Outperform rating on the shares. The analyst feels that concerns over the TBTF proposal are “justified” and wanted to see more visibility, which “should remove the overhang to focus on the longer-term attraction of the UBS investment case.”
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Read More on UBS:
- UBS price target lowered to CHF 31 from CHF 33 at Morgan Stanley
- UBS downgraded to Neutral from Outperform at Exane BNP Paribas
- Five waves of UBS layoffs to start in June, Reuters reports
- UBS Announces More Layoffs as Credit Suisse Integration Continues
- UBS planning another round of job cuts, Bloomberg reports
