UBS and Deutsche Bank: Current Developments
UBS Stock
- Price Development: The UBS stock (ISIN: CH0244767585) has increased by 7.83 percent over the week, reaching second place in the Swiss Market Index. This is significant for investors in Switzerland and the German-speaking regions.
- Market Significance: The rise of UBS stock reflects the strength of the Swiss banking sector and may indicate a positive market sentiment.
Deutsche Bank Stock
- Buy Recommendation from UBS: UBS has rated Deutsche Bank stock with a “Buy” rating and raised the price target from 20 to 23 euros. This recommendation is based on the assessment that the stock is too cheap to ignore following the recent sell-off.
- Reasons for the Buy Recommendation: Analysts see an attractive opportunity to benefit from the positive effects of the German financial package. Additionally, it is expected that Deutsche Bank can increase its profitability, particularly through strong developments in investment banking and its corporate client business.
- Technical Chart Aspects: The stock has overcome important resistances and could now be heading towards the new price target. The 200-day line has proven to be a support.
Overall, UBS shows a positive assessment of Deutsche Bank, while UBS stock itself performs strongly in the Swiss Market Index. However, there is no indication that Deutsche Bank has given a buy recommendation for UBS.