Research Disclosures & Disclaimers
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regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products. UBS Disclosures/Disclaimers
Quarterly Rating Breakdown
UBS Investment Research Equity Ratings
| UBS 12-Month Rating | Rating Category | | Buy | Buy |
| Neutral | Hold/Neutral |
| Sell | Sell |
| First Quarter 2025 | Fourth Quarter 2024 | Third Quarter 2024 | Second Quarter 2024 | | Coverage(1) | IB Services (2) | Coverage(1) | IB Services (2) | Coverage(1) | IB Services (2) | Coverage(1) | IB Services(2) |
| 52% | 24% | 51% | 24% | 51% | 24% | 52% | 25% |
| 40% | 20% | 41% | 20% | 40% | 19% | 40% | 22% |
| 8% | 22% | 8% | 22% | 8% | 21% | 8% | 21% |
| UBS Short-Term Rating | Rating Category | | Buy | Buy |
| Sell | Sell |
| First Quarter 2025 | Fourth Quarter 2024 | Third Quarter 2024 | Second Quarter 2024 | | Coverage(3) | IB Services(4) | Coverage(3) | IB Services(4) | Coverage(3) | IB Services(4) | Coverage(3) | IB Services(4) |
| <1% | <1% | <1% | <1% | <1% | <1% | <1% | <1% |
| <1% | <1% | <1% | <1% | <1% | <1% | <1% | <1% |
