UBS Group AG shares fall 1.97% premarket after UBS downgrades FMC to 'Sell' and lowers price target.

UBS Group AG declined 1.97% in premarket trading. The decline may be attributed to UBS downgrading FMC to 'Sell' and lowering its price target, citing a lack of short-term business recovery in the United States and a likely prolonged decline in that market. Additionally, UBS has reduced its stake in Air France-KLM, which could also contribute to the negative sentiment surrounding the stock.