BofA analyst Antonio Reale downgraded UBS (UBS) to Underperform from Neutral with a price target of CHF 28, down from CHF 33. The firm says uncertainty over the new regulatory framework appears set to drag on well beyond May, when a public consultation is slated to start. It models UBS needs $20B-25B in new capital needs.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBS:
- UBS Group AG Faces Sell Rating Amid Regulatory and Operational Challenges
- EToro’s Soaring Commissions Ride Crypto Boom Ahead of IPO
- UBS floats concessions to avoid demands from regulators, Reuters says
- Apple (AAPL) to Host Worldwide Developers Conference June 9-13
- Don’t Expect an AI Upgrade from Apple (AAPL) This Year, Says UBS