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JP Morgan downgrades UOB to 'underweight', cuts target price
Published Mon, Aug 4, 2014 · 10:00 PM
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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 earnings, at le…
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