According to Zhito Finance APP, UBS Group (UBS.US) shares hit their largest increase in two months after BNP Paribas Securities Analyst Jeremy Sigee expected the Swiss bank will increase its Share Buyback and recommended investors to Buy UBS Group stocks. Sigee raised UBS Group's rating from "Neutral" to "Outperforming Large Cap" and increased the Target Price from 27.5 Swiss Francs to 35 Swiss Francs.

UBS Group shares rose 3.8% on Friday, becoming one of the best-performing Stocks in Europe. Sigee stated that market concerns over the impact of the Swiss capital rule revisions were exaggerated. He noted that the reforms are expected to be implemented in the first half of this year, and the related uncertainty stressed the UBS Group share price, but the capital release by UBS Group's overseas subsidiaries could potentially "offset the most threatening factors in these proposals."

Sigee mentioned that while UBS Group is not expected to timely assess the impact of the new capital regulations when it announces its full-year results next month, it "may be able to provide a clearer explanation of the capital release from its overseas subsidiaries, which could reassure the market."

Sigee raised the Target Price for UBS Group to 35 Swiss Francs, with the latest prediction including the impact of a larger-scale Share Buyback. The latest Fill Price for UBS Group shares is 28.76 Swiss Francs.