UBS still sees upside potential here

Dusseldorf Brazil’s stock market clearly beat the German stock market in 2022. This year, the Brazilian Bovespa index is doing worse than the German Dax, but the Swiss bank UBS still sees significant upside potential for selected stocks.

In its current study, UBS has identified shares for which the price targets of its analysts are above the average expectations of all experts. “We have focused on stocks where we believe our analysts’ view differs significantly from the consensus and where we see short-term catalysts playing an important role,” the study said.

German investors can also invest in two of these companies because depositary receipts for these shares (ADRs) are traded on the local stock exchanges. The analysts still see around 30 percent upside potential for one of the two shares, and at least 60 percent for the other – in the best case even more than 100 percent.