Upgrades Underperform Neutral X

UBS UBS AG

BofA Securities

Downgrades Eq-Weight Underweight X

UBS UBS AG

Morgan Stanley

Upgrades Hold Buy X

UBS UBS AG

Jefferies

Downgrades Neutral Underperform X

UBS UBS AG

BofA Securities

Downgrades Overweight Eq-Weight X

UBS UBS AG

Morgan Stanley

Upgrades Hold Buy X

UBS UBS AG

Deutsche Bank

Upgrades Hold Buy X

UBS UBS AG

Kepler

Resumed Neutral X

UBS UBS AG

BofA Securities

Downgrades Buy Neutral X

UBS UBS AG

Citigroup

Downgrades Outperform Neutral X

UBS UBS AG

Exane BNP Paribas

Upgrades Eq-Weight Overweight X

UBS UBS AG

Morgan Stanley

Upgrades Hold Buy X

UBS UBS AG

Societe Generale

Downgrades Buy Neutral X

UBS UBS AG

BofA Securities

Upgrades Sec Perform Outperform X

UBS UBS AG

RBC Capital Mkts

Upgrades Neutral Outperform X

UBS UBS AG

Exane BNP Paribas

Resumed Equal-Weight X

UBS UBS AG

Morgan Stanley

Downgrades Outperform Sec Perform X

UBS UBS AG

RBC Capital Mkts

Downgrades Buy Hold X

UBS UBS AG

Jefferies

Upgrades Neutral Buy X

UBS UBS AG

BofA Securities

Downgrades Buy Hold X

UBS UBS AG

Societe Generale

$18.86

Downgrades Outperform Neutral X

UBS UBS AG

Credit Suisse

Downgrades Buy Neutral X

UBS UBS AG

BofA Securities

Downgrades Eq Weight Underweight X

UBS UBS AG

Barclays

Downgrades Outperform Neutral X

UBS UBS AG

Exane BNP Paribas

Initiated Buy X

UBS UBS AG

Goldman

Upgrades Underweight Eq Weight X

UBS UBS AG

Barclays

Upgrades Neutral Outperform X

UBS UBS AG

Exane BNP Paribas

Upgrades Mkt Perform Outperform X

UBS UBS AG

Keefe Bruyette

Initiated Buy X

UBS UBS AG

Jefferies

Upgrades Mkt Perform Outperform X

UBS UBS AG

Keefe Bruyette

Upgrades Hold Buy X

UBS UBS AG

Deutsche Bank

Upgrades Hold Buy X

UBS UBS AG

Berenberg

Downgrades Hold Sell X

UBS UBS AG

Societe Generale

Downgrades Outperform Mkt Perform X

UBS UBS AG

Keefe Bruyette

Upgrades Hold Buy X

UBS UBS AG

Societe Generale

UBS  UBS Group AG Registered

UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas. Wealth Management Americas division is a wealth manager in the Americas in terms of financial advisor productivity and invested assets by financial advisor. Personal & Corporate Banking division provides financial products and services to private, corporate and institutional clients in Switzerland. Asset Management division provides investment management products and services, platform solutions and advisory support. Investment Bank division provides investment advice, financial solutions and capital markets access.