Barclays, Deutsche Bank Upgraded At UBS (BCS, DB, UBS)

Shares of Barclays PLC (NYSE: BCS) and Deutsche Bank were upgraded at UBS (NYSE: UBS) today. The Swiss investment bank raised the ratings on its rivals from neutral to buy on strong revenue expectations driven by an increase in mergers and acquisitions activity and higher trading volumes.

In trading on the New York Stock Exchange today, Barclays (BCS) is down 2 cents to $20.38. Deutsche Bank (DB), on the other hand, is having a very strong day. The stock is up 3.2% to $76.54.