Swiss stocks - Factors to watch on August 20
20/08/2020 06:14
ZURICH/BERLIN, Aug 20 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
CORONAVIRUS
Asian equities and U.S. futures fell, hurt by the U.S.
Federal Reserve's cautious view of the economy, tensions with
China and new clusters of coronavirus infections. urn:newsml:reuters.com:*:nL4N2FM01H
The French health ministry reported 3,776 new confirmed
coronavirus infections, with the daily tally going beyond the
3,000 threshold for the third time in five days. urn:newsml:reuters.com:*:nP6N2EZ03U
Germany reported 1,707 new coronavirus cases.
COMPANY STATEMENTS
* Luzerner Kantonalbank LUKN.S reported a half-year profit
of 103.5 million Swiss francs and said profit for the full year
will likely be in the upper area of its historic range of 187
million to 205 million francs. urn:newsml:reuters.com:*:nTENsp1oha
* Banque Cantonale Vaudoise BCVN.S posted https://bit.ly/2EfRF9g
a half-year net profit of 158 million Swiss francs and said the
decline in operating profit was related to the coronavirus
pandemic.
* Meier Tobler METG.S reported a half-year net loss of 2.7
million Swiss francs. urn:newsml:reuters.com:*:nFWN2FM00C
* Von Roll ROL.S posted an operating loss of 10.9 million
Swiss francs, pointing to the pandemic and two discontinued
sites in France. urn:newsml:reuters.com:*:nEQ9vxLqba
* Kudelski KUD.S said its expects its full year EBITDA to
come in at $45 million to $55 million. urn:newsml:reuters.com:*:nTENa7loua
* HBM Healthcare Investments HBMN.S said its net asset
value per share increased by 14.74 Swiss francs due to the IPO
of Harmony Biosciences. urn:newsml:reuters.com:*:nTENy0h2ha
ANALYSTS' VIEWS
ALCON ALCC.S - SVB Leerink raises price target to $61 from
$57; Baird raises price target to $62 from $61
ABB ABBN.S - Berenberg starts with sell rating; price
target sfr 20
SIKA SIKA.S - Credit Suisse raises target price to sfr 240
from sfr 200
CONZZETA CONC.S : Credit Suisse raises price target to sfr
1,035 from sfr 1,000
ECONOMY
* Swiss July trade data due at 0600 GMT
* Swiss Q2 industrial production data due at 0630 GMT
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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