28 Feb 2026 | 5 Mins Read
UBS Downgrades US Equities Rating to Benchmark
Flipitmoney
UBS downgraded its rating on US equities to 'benchmark' due to low operational leverage, dollar risk, buyback yield no longer exceptional, and high valuation. The US is at a high price-to-earnings ratio and tech outperformance is unsustainable. Emerging markets still receive a 'high-conviction overweight' recommendation. UBS sees a higher risk of US underperformance than outperformance.