JULIUS BAER : UBS raises price target
In the summary of its note, the broker points to higher forecasts for the 2025-26 period, thanks to higher assets under management (AuM) offsetting weak net new money (NNM) inflows.
'Better capital underpins stronger share buybacks', continues UBS, adding that while questions remain over NNM generation, an improvement in NNM should come later.
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