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Credit Suisse Group (CS) [hlAlert]

Rating:
Neutral CS
down 14.77 %

Credit Suisse Group (CS) upgraded to Neutral by UBS

Posted on: Friday,  Apr 24, 2009  8:25 AM ET by UBS

UBS rated Neutral Credit Suisse Group (NYSE: CS) on 04/24/2009. Previously UBS rated Sell Credit Suisse Group (NYSE: CS) on 11/10/2008.,
when the stock price was $32.89. Since then, Credit Suisse Group has gained 17.33% as of 04/24/2009's recent price of $38.59.
If you would have followed the previous UBS's recommendation on CS, you would have lost 14.77% of your investment in 165 days.

Credit Suisse Group AG (Credit Suisse) is a Switzerland-based global financial services company. The Company operates in three segments: Private Banking, Investment Banking and Asset Management. The three segments are complemented by Shared Services, which provides support in the areas of finance, operations, including human resources, legal and compliance, risk management and information technology. Private Banking offers advice and a range of wealth management solutions, including pension planning, life insurance products, tax planning and wealth and inheritance advice. Investment Banking offers investment banking and securities products and services to corporate, institutional and government clients around the world. Asset Management offers integrated investment solutions and services to institutions, governments and private clients. During the year ended December 31, 2008, Company acquired over 80% of Asset Management Finance Corporation (AMF).

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/24/2009 8:25 AM Hold
None
38.59
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -36.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/10/2008 8:25 AM Sell
None
32.89
3/25/2008 8:25 AM Hold
None
51.27

(*) Stock Price at the time of the recommendation.
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