B of A Securities Downgrades UBS Gr to Neutral, Lowers Price Target to $32.18
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Alastair Ryan has downgraded UBS Group (NYSE:UBS) from Buy to Neutral and reduced the price target from $33.33 to $32.18.
December 05, 2023 | 10:12 am
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UBS Group was downgraded by B of A Securities from Buy to Neutral with a lowered price target of $32.18, suggesting a more cautious outlook on the stock.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock price. The reduction in the price target further supports a bearish outlook.
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