UBS (UBS) Rises on Analyst Upgrade and Stock Buyback Expectations

6 days ago

UBS (UBS, Financial) shares surged over 4% in pre-market trading, reaching $31.57. The increase follows an upgrade by BNP Paribas Securities analyst Jeremy Sigee, who anticipates that the Swiss bank will expand its stock buyback program. Sigee upgraded UBS from a "neutral" to an "outperform" rating and raised the price target from 27.5 Swiss Francs to 35 Swiss Francs, recommending investors to buy UBS shares.

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