UPDATE 1-UBS cuts mid-term targets after 2019 profit drop <!-- no image --> <div>UBS cut profitability targets on Tuesday as Switzerland's largest bank grapples with ultra-low interest rates and increased competition for wealthy clients.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=E5yNwHoSuTo:c4uVsIrJOr4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=E5yNwHoSuTo:c4uVsIrJOr4:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=E5yNwHoSuTo:c4uVsIrJOr4:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=E5yNwHoSuTo:c4uVsIrJOr4:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=E5yNwHoSuTo:c4uVsIrJOr4:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/E5yNwHoSuTo" height="1" width="1" alt=""></div> Posted by Reuters