Deutsche Bank Upgrades UBS AG (UBS) to Hold; Shares Rise

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UBS AG (NYSE: UBS) shares moved higher midday Wednesday following an intraday upgrade from Deutsche Bank. The firm boosted its investment rating from Sell to Hold.

Deutsche Bank said its Sell rating was based on "lost market share in the investment bank and weak gross revenue margins in the asset garthering operations. We continue to see the investment bank as losing shares after Q1, but the asset gathering businesses beat out expectations."

For an analyst ratings summary and ratings history on UBS AG click here. For more ratings news on UBS AG click here.

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