Broker: UBS
Date of Report: 8 April 2026

Excerpt from UBS report.

Report Summary

• Action: UBS recommends investors stay invested and avoid abrupt shifts due to the ceasefire between the US, Israel, and Iran. The ceasefire is seen as a positive development but risks remain.
• Target Price: S&P 500 year-end target is set at 7,500 (about +10% from current levels), with projected EPS growth of 11% this year.
• Key Ideas & Calls to Action:
  • Preferred equity markets: US, Switzerland, and emerging markets.
  • Preferred sectors: Health care, industrials, and US utilities.
  • Gold: UBS targets USD 5,900/oz by year-end and sees gold as a valuable portfolio hedge.
  • Bonds: Favors quality short- and medium-duration bonds, expecting a shift toward US rate cuts later in the year.
  • Commodities: Suggests entering broad commodity positions as a hedge against re-escalation, with structural appeal across energy, industrial metals, and precious metals.
  • Alternatives: Recommends select hedge funds and private market strategies for diversification, while remaining selective based on liquidity needs and risk objectives.
• Risks: Oil prices will remain a key barometer; risks of re-escalation and incomplete resolution of underlying geopolitical issues remain.

above is an excerpt from a report by UBS. Clients of UBS can be the first to access the full report from the UBS website : https://www.ubs.com