UBS AG Rating Increased to Buy at Bank of America Corp. (UBS)
UBS AG (NYSE:UBS) was upgraded by stock analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating in a report issued on Monday, American Banking News.com reports.
UBS AG (NYSE:UBS) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $29.00 billion for the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter last year, the company posted ($0.58) earnings per share. UBS AG’s revenue was down 2.2% compared to the same quarter last year.
A number of other analysts have also recently weighed in on UBS. Analysts at Credit Suisse downgraded shares of UBS AG from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $44.00 price target on the stock, up previously from $40.00. Separately, analysts at Societe Generale initiated coverage on shares of UBS AG in a research note to investors on Tuesday, January 7th. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of UBS AG in a research note to investors on Monday, December 16th. They now have a $19.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. UBS AG has an average rating of “Hold” and an average target price of $30.67.
UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis.
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