Market Overview

UPDATE: Societe Generale Downgrades UBS to Sell on Uncertainty of Future Revenue Streams

Related UBS
Big Bank Investors Relieved With Dimon Purchase, Deutsche Bank Commentary
Foreign Banks Up Huge After Deutsche Bank Upgrade
Brandes Makes a Variety of Reductions in 4th Quarter (GuruFocus)

In a report published on Tuesday, Societe Generale analyst Dominio Watt downgraded UBS (NYSE: UBS) from Hold to Sell and lowered the price target from $16.39 to $15.37

In the report, Societe Generale stated, "When UBS announced its accelerated strategy in October 2012 we increased our target price despite a sharp cut to the EPS outlook, because we expected a significant return of capital to shareholders over time and a reduction in the cost of equity by 1%. This view has been shared by the market, which is now ascribing a significant premium to UBS expecting the bank to become almost a pure wealth and asset manager."

UBS closed Friday at $17.97.

Latest Ratings for UBS

Feb 2016KeplerDowngradesBuyHold
Feb 2016RBC CapitalDowngradesOutperformSector Perform
Feb 2016J. Safra SarasinDowngradesBuyNeutral

View More Analyst Ratings for UBS
View the Latest Analyst Ratings

Posted-In: Domino Watt Societe GeneraleAnalyst Color Downgrades Analyst Ratings


Related Articles (UBS)

Get Benzinga's Newsletters