Swiss stocks - Factors to watch on July 24
24/07/2020 05:50
ZURICH/BERLIN, July 24 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
SULZER SUN.S
The industrial group expects to return to pre-pandemic
profitability in 2021 as it reported first-half order growth on
Friday, citing strong performance at its pump and rotating
equipment businesses. urn:newsml:reuters.com:*:nFWN2EU1JW
LONZA LONN.S
Second-quarter results due.
COMPANY STATEMENTS
* Schindler Holding SCHP.S reported 3.1% lower revenue in
local currencies for the first half of 2020 and said for the
full year 2020 and barring further unexpected events, the
company's revenue is expected to contract by 0% to –6% in local
currencies.
* Also Holding ALSN.S confirmed its annual target of 210
to 220 million euros ($255.18 million) EBITDA plus its
medium-term target of 250 to 310 million euros EBITDA.
ANALYSTS' VIEWS
* SIKA AG SIKA.S : JEFFERIES RAISES TARGET PRICE TO CHF
244.10 ($263.95) FROM CHF 210.30
* IDORSIA LTD IDIA.S : JEFFERIES CUTS PRICE TARGET TO CHF29
FROM CHF32
* STMICROELECTRONICS NV STM.BN : JP MORGAN RAISES PRICE
TARGET TO EUR 30 FROM EUR 19
ECONOMY
No major economic data scheduled.
($1 = 0.8621 euros)
($1 = 0.9248 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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