TotalEnergies among top picks in European energy sector at UBS in 2026

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.

UBS has raised its price target for Best Buy's stock to $96 following the company's strong third-quarter results, reflecting confidence in its financial performance. This adjustment indicates UBS's positive outlook on Best Buy's ability to navigate market challenges effectively.

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.

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.