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ubs shares decline amid tariff concerns and analyst downgrade
UBS shares fell 3.4% to 28.51 francs amid concerns over US tariff plans and a downgrade by Bank of America, which lowered its recommendation to "underperform" and price target to 28 francs. Analysts predict UBS may need to raise $20 to $25 billion in capital due to stricter requirements, raising fears of a potential taxpayer bailout.
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