UOB share price slips on SGX as JPMorgan downgrade flags risks ahead of Feb 24 results
UOB shares fell 0.3% to S$38.35 in afternoon trading Wednesday, trailing DBS and OCBC. JPMorgan downgraded UOB to “underweight,” citing asset-quality risks and kept its S$34 target. Investors await the Fed’s rate decision this week and UOB’s full-year results on Feb. 24.