JPMorgan Adds UBS (UBS) to 'Focus List'
Tweet
Share
E-mail
Get Alerts UBS Hot Sheet
Price: $53.68 -0.09%
Rating Summary:
9 Buy, 10 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 11
Rating Summary:
9 Buy, 10 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 11
Join SI Premium – FREE
Shares of UBS (NYSE: UBS) are continuing sharply lower Tuesday morning despite being added to JPMorgan's "Focus List" this morning.
The downward pressure comes amid a return to the debt contagion trade in the Eurozone. A strategist at UBS issued a note Monday arguing the banking sector has fallen back into "crisis mode." The UBS analyst believes the marked-to-market trading books of banks focused in the capital markets is likely "particularly exposed to extreme stress..."
JPMorgan maintains an Overweight rating and price target around $22 on shares of UBS.
The stock is down 11.6 percent to $12.20 Tuesday morning.
The downward pressure comes amid a return to the debt contagion trade in the Eurozone. A strategist at UBS issued a note Monday arguing the banking sector has fallen back into "crisis mode." The UBS analyst believes the marked-to-market trading books of banks focused in the capital markets is likely "particularly exposed to extreme stress..."
JPMorgan maintains an Overweight rating and price target around $22 on shares of UBS.
The stock is down 11.6 percent to $12.20 Tuesday morning.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- McGraw Hill (MH) PT Raised to $15 at UBS
- Stocks expected to have increasing option volume: WDAY ASAN DOCU NOW CRM HUBS NMAX BIRK RDDT DLO
- UBS Reiterates Buy Rating on Hilton Worldwide (HLT)
Create E-mail Alert Related Categories
Analyst Comments, Insiders' BlogRelated Entities
UBS, JPMorganSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
