UPDATE: UBS Downgrades Citi (C) to Neutral on Valuation

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UPDATE: UBS Downgrades Morgan Stanley (MS) to Neutral on Valuation

September 20, 2012 6:48 AM EDT

(Updated - September 20, 2012 11:40 AM EDT)

UBS downgraded Morgan Stanley (NYSE: MS) from Buy to Neutral while maintaining their $19 price target, citing valuation.

"We are generally more cautious on the group overall, given the run up in the sector,... More

UPDATE: UBS Downgrades Goldman Sachs (GS) to Neutral on Valuation

September 20, 2012 6:46 AM EDT

(Updated - September 20, 2012 11:32 AM EDT)

UBS downgraded Goldman Sachs (NYSE: GS) from Buy to Neutral and maintained their $125 price target, saying risk/reward is less compelling.

"We are generally more cautious on the group overall, given the run... More