UBS Downgrades Eurozone Equities to Neutral

UBS lowered its Eurozone equities rating to Neutral in March, citing prolonged energy shock risk.
Euro Stoxx 50 closed at 5,887.06 on April 23, with UBS targets of 6,000 (June 2026) and 6,300 (Dec 2026).
UBS cut 2026 earnings growth forecast for the region from 7% to 5% but kept a two‑year outlook of 20‑25% growth.
UBS upgraded Swiss equities, European health care and consumer discretionary to Attractive, noting ~13‑15% YTD declines and stabilising luxury demand.