Man Group: UBS downgrades stock

(CercleFinance.com) - UBS has downgraded its rating on Man Group shares to "neutral" (from "buy"), reducing its target price for them to 220 pence (from 275 pence), a target price that is pretty much in line with the UK investment firm's share price.


"Uncertainty around the impact of pension fund flows is likely to weigh on Man Group's shares in the coming quarters," the broker warned.


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