The Ratings Game: UBS upgrades Goldman Sachs to buy from hold on attractive valuation, lower risk profile

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Goldman Sachs Group Inc. GS on Wednesday drew an upgrade to buy from hold at UBS on the stock’s attractive valuation and lower risk profile than its peers.

UBS also upgraded boutique investment bank Evercore Inc. EVR by two notches to buy from sell and adjusted price targets for Morgan Stanley MS, as well as wealth-management specialists Charles Schwab Corp. SCHW, Ameriprise Financial Inc. AMP, LPL Financial Holdings Inc. LPLA, Stifel Financial Corp. SF and Regions Financial Corp. RF.

Analyst…