UBS’s stock got clobbered after earnings. Deutsche Bank says it’s now a buy. - MarketWatch
1. Deutsche Bank upgrades UBS rating to buy from hold. 2. UBS target price increased from 29 to 37 francs. 3. Stock fell 7% post-earnings due to double leverage concerns. 4. Cost-cutting measures have saved UBS over $4 billion since acquisition. 5. UBS has the second-highest fee income share among tracked banks.