UBS Group Ag (NYSE:Ubs) graduates among the The best basic stocks to buy according to hedge funds. RBC Capital better kept its performance score on UBS Group AG (NYSE: UBS), but its price target for Switzerland banking Behemoth from CHF31.50 to CHF29 on June 19.
RBC Capital quotes the longer operating phase of the motion as a mitigation factor, noting that UBS could absorb the regulatory changes without further reducing shareholder payments. While the new price target is still higher than the current shares price of UBS, the company's pricing methodology has been modified to account for what it refers to as a “stricter result” on deferred tax assets and software.
In recognition that it will “take time to have full visibility” on the situation, RBC Capital believes that there is a better outcome for UBS Group AG (NYSE: UBS) despite immediate regulatory challenges.
The World Financial Services Company -Eean UBS Group AG (NYSE: UBS) offers a range of services, including investment banking and wealth management, for individuals, businesses and organizations.
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