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.
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Published first on TheFly
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