Swiss stocks - Factors to watch on January 17
17/01/2020 06:27
BERLIN/ZURICH, Jan 17(Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
RICHEMONT CFR.S
Sales growth at luxury goods group Richemont slowed as
political unrest in Hong Kong weighed on turnover in the three
months to Dec. 31, the Swiss group said on Friday. urn:newsml:reuters.com:*:nFWN29L0T2
ADECCO ADEN.S
Switzerland's Adecco Group on Friday said Coram Williams
would take over as the temporary staffing company's next chief
financial officer ADEN.S from mid-2020, following in the
footsteps of Hans Ploos van Amstel. urn:newsml:reuters.com:*:nFWN29L0T4
COMPANY STATEMENTS
* Ascom Holding ASCN.S said it generated net revenue of
CHF 283 million for the fiscal year 2019 and said net revenue
declined by 8.5% compared to the prior year (2018: CHF 318.5
million).
* Hochdorf Holding HOCN.S said it would not hold an
extraordinary general meeting that Stichting General Holdings,
which holds 313,115 Hochdorf shares, requested. Stichting had
wanted to ask questions on article 697 of the Swiss Code of
Obligations.
* BB Biotech BION.S posted a net gain Of CHF 677 million
for the fiscal year 2019.
* Landis+Gyr Group LANDI.S said its CFO Jonathan Elmer
would retire and be succeeded by Elodie Cingari.
* GAM Holding GAMH.S said it saw underlying profit before
taxes of around CHF 10 million for 2019.
ANALYSTS' VIEWS
* SCHINDLER HOLDING AG SCHP.S : RBC raises target price to
CHF 240 from CHF 220
* OC OERLIKON CORPORATION AG PFAEFFIKON OERL.S : RBC raises
target price to CHF 12 from CHF 11.5
* ABB LTD ABBN.S : RBC raises target price to CHF 22.5 from
CHF 19
* DORMAKABA HOLDING DOKA.S : SocGen cuts to sell from hold;
cuts price target to CHF 640 from CHF 705
* SWATCH GROUP AG UHR.S : JP Morgan cuts target price to
CHF 275 from CHF 305
* ROCHE HOLDING AG ROG.S : Citigroup raises price target to
CHF 350 from CHF 240
* NOVARTIS AG NOVN.S : Citigroup raises price target to CHF
103 from CHF 99
* GEBERIT AG GEBN.S : HSBC cuts price target to CHF 500
from CHF 510
ECONOMY
Swiss producer and import prices for December are due at
0730 GMT.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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