UBS beats profit forecast but shares fall as buyback plan fails to impress
Fourth-quarter profit at UBS Group well exceeded forecasts on Tuesday but the lender's shares fell as its buyback plans, contingent on no changes to Swiss capital rules, failed to impress investors. Francis Maguire reports.
Goldman Sachs analyst Chris Hallam maintained a Buy rating on UBS Group AG (UBS – Research Report) today and set a price target of CHF42.70.
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