Deutsche Bank: After the Acquisition of Credit Suisse, UBS is Expected to Become Stronger

Deutsche Bank analyst Benjamin Goy said UBS‘s (UBS.N) takeover of Credit Suisse (CS.N) had temporarily changed its investment case, although the challenges facing UBS were well known.
Goy said UBS was well-positioned to restructure quickly, while also being well-positioned to limit capital outflows and reduce risk.
Through the acquisition and subsequent restructuring, the bank will have greater scale, a better business mix, higher equity capital and attractive returns on capital.
Deutsche Bank confirmed a buy rating on UBS with a target price of 26 Swiss francs.