Based on what to downgrade. 

PhillipCapital Downgrades United Overseas Bank to Neutral from Accumulate, Adjusts Price Target to SG$34.60 from SG$36.30

United Overseas Bank (SGX:U11) has an average rating of overweight and mean price target of SG$37.79, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic resear
PhillipCapital Downgrades United Overseas Bank to Neutral from Accumulate, Adjusts Price Target to SG$34.60 from SG$36.30

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