You are here
JP Morgan downgrades UOB to 'underweight', cuts target price
JP MORGAN has cut its rating on the stock of United Overseas Bank (UOB) to "underweight" from "neutral" on the grounds that its outlook is clouded by tighter regional liquidity, poorer asset quality and lack of deposit growth.
"These issues will likely persist, leading to lower quarterly
CALL +65 6388 3838 EMAIL firstname.lastname@example.org