BofA Moves Julius Baer to Buy After Post-Earnings Drop; Sees Strong EPS Growth and Buybacks
BofA Securities upgraded Julius Baer Gruppe AG from neutral to buy after the Swiss private bank’s shares fell about 7% following a four-month interim management statement. The bank’s share price was CHF63.38 at the time of the note and BofA set a CHF70 price objective, highlighting improving operating leverage, a net new-money recovery and material…