UBS downgraded by Goldman Sachs, single-week decline marks largest in nearly ten months.

On Friday, UBS Group was downgraded by two analysts, and its stock is expected to have its worst performance in nearly ten months this week. Prior to this, its US wealth management business experienced capital outflows, leading to a disappointing financial report. On Friday, Goldman Sachs downgraded its rating on UBS from buy to neutral, while Vontobel downgraded its rating from buy to hold. Data shows that this has led analysts' overall view on UBS to its lowest level since 2017. UBS fell by 8% this week.