UBS Group AG Updates Stock Recommendations and Price Targets
UBS Group AG has made several changes to its stock recommendations and price targets in recent times. The company’s actions are as follows:
- Maintained a neutral rating on Steven Madden stock due to growth concerns
- Raised price targets for the following stocks:
- Ferguson to $204
- Couchbase to $20
- HP Enterprise (price target not specified)
- Signet Jewelers (price target not specified)
- Asana (price target not specified)
- Maintained a buy rating on Diamondback Energy stock amid a significant deal
The price target adjustments were made following mixed Q1 results for some of the companies. UBS cited positive factors such as AI order concerns and revenue guidance as reasons for the increases.
Additionally, UBS has made a prediction that rising Treasuries could have a significant impact on the S&P 500. The exact level of the S&P 500 was not specified.