Citigroup Downgrades UBS Gr to Neutral
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Coombs downgrades UBS Group (NYSE:UBS) from Buy to Neutral.
April 23, 2024 | 6:33 pm
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Citigroup analyst Andrew Coombs downgrades UBS Group from Buy to Neutral.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they suggest a less favorable outlook on the company's future performance. Given the downgrade is from Buy to Neutral, it indicates a significant shift in expectation, likely leading to decreased investor confidence and potential sell-off.
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