UBS Group AG shares fall 1.08% premarket after UBS downgraded Puma to 'Neutral' and raised price target to €20.90.

UBS Group AG fell 1.08% in premarket trading. The decline may be attributed to the broader market sentiment towards European banks, which have seen a resurgence in shares but face challenges due to renewed French uncertainty. Additionally, UBS's recent price target adjustments and ratings for other companies, such as Puma and Pernod Ricard, may have influenced investor sentiment towards UBS itself.