UBS wird auf Underperform gestellt

In einem aktuellen institutionellen Researchbericht gehen die Analysten von Exane BNP Paribas auf die Aktie der Schweizer Großbank UBS ein.

Die Aktie wird auf Underperform mit Kursziel 39 Schweizer Franken (CHF) gestellt. Aktuell notiert das Papier bei 33 CHF.

"With a 2009e P/E of 8.8x, we do not feel the valuation is compelling enough to return to the stock, and we continue to see better value elsewhere in the sector."

"The bank has made it clear that prop trading risk-taking will be sharply reduced in the coming weeks and that substantial job cuts will be implemented as part of the clear repositioning of the investment bank (as a reminder, an announcement is expected in
the coming weeks). UBS does not hide the fact that the bank is going to become much more a wealth manager than an investment bank."