Citi analyst Andrew Coombs raised the firm’s price target on UBS to CHF 26 from CHF 24 and keeps a Buy rating on the shares. The analyst continues to believe the Credit Suisse deal will be earnings accretive on an underlying basis from 2025 and statutory basis from 2027. The inclusion of excess capital in the valuation causes Citi to increase its price target.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on UBS:
- Regulator says Credit Suisse could face disciplinary action, Reuters reports
- Deutsche Bank Slumps after Bank Worries Loom
- UBS racing to seal Credit Suisse deal as soon as April, Reuters reports
- Swiss National Bank increases policy rate by 50 basis points to 1.50%
- SNB plays down likelihood of Credit Suisse Swiss unit spin, Bloomberg reports