UBS raises Best Buy stock price target to $96 on strong Q3 results

UBS has downgraded Harvey Norman's stock rating to Neutral, citing concerns over rising interest rates that may impact consumer spending and the company's financial performance. This decision reflects a cautious approach by UBS amid changing economic conditions.

TotalEnergies has been identified as one of the top picks in the European energy sector by UBS for the year 2026, reflecting the bank's confidence in the company's strategic positioning and market potential. This endorsement comes amid a broader analysis of energy market dynamics and investment opportunities in Europe.

UBS has raised its stock price target for Urban Outfitters to $80 following the company's strong performance in Q3 2025, which included record profits and a significant increase in revenue. This adjustment reflects UBS's confidence in Urban Outfitters' operational strategies and market position.

UBS has maintained its stock price target for Burlington at $430, reflecting a steady outlook for the company amidst current market conditions. This decision indicates UBS's confidence in Burlington's performance and its ability to navigate potential challenges in the retail sector.

UBS has raised its price target for Kohl's stock from $4.50 to $7.00, reflecting an optimistic earnings outlook for the retailer. This adjustment comes amid a period of recovery for Kohl's, which has seen a significant increase in its share price following positive developments in its business strategy.

Bloomberg Markets reported on November 25, 2025, discussing key market movements and issues affecting Wall Street, including Kevin Hasset's potential candidacy for Fed Chair and the outlook for major retailers like Nvidia, Kohl's, and Best Buy.

UBS has adopted a bullish stance on the semiconductor market, particularly focusing on DRAM, following positive trends in demand and pricing. This outlook aligns with the anticipated recovery in the semiconductor sector, which is crucial for companies like Applied Materials that supply equipment for chip manufacturing.

UBS has indicated a structural bull case is developing in the copper market, suggesting positive long-term trends for copper prices driven by demand and supply dynamics. This analysis reflects UBS's ongoing assessment of market conditions and economic indicators.