(CercleFinance.com) – The title is well oriented at the end of the session as Jefferies reaffirms its ‘buy’ recommendation on UBS Group with a potential increase of around 35% compared to its price target raised from 22 to 23 francs Switzerland, in view of the annual results and the presentation of the group, on February 1.
The broker expects this meeting to be a positive catalyst for the title of the Swiss financial institution, with in particular the possibility that the results of the last quarter of 2021 (once again) exceed expectations.
As other possible positive surprises, Jefferies also believes that UBS could announce more ambitious profitability targets, leading to a revaluation of the stock, and that the share buybacks scheduled for 2022-23 may exceed expectations.
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