Swiss stocks - Factors to watch on June 3

Cicor Technologies

03/06/2024 05:59

ZURICH/GDANSK, June 3 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Monday:
    UBS  UBSG.S 
    UBS on Friday completed the merger of the main parent
companies of the Swiss bank and Credit Suisse, which it acquired
last year after its longtime rival collapsed, putting an end to
one of the bastions of the country's financial sector.
    
    MOLECULAR PARTNERS  MOLN.S  
    Molecular Partners presents positive data from completed
phase 1 trial of mp0317 monotherapy in patients with advanced
solid tumors.
    
    GLENCORE  GLEN.L 
    A majority of Glencore investors have indicated they were
satisfied with the commodities giant's plans to reduce carbon
emissions, just as it gets closer to completing its acquisition
of Teck Resources' steelmaking coal business.
    
    NOVARTIS  NOVN.S  
    Novartis says phase III trial shows Kisqali product reduces
risk of cancer recurrence for early breast cancer patients with
high-risk node-negative disease.

    ANALYSTS' VIEWS
    SWISSCOM  SCMN.S  - BERNSTEIN RAISES TARGET PRICE TO CHF 620
FROM CHF 600
    RICHEMONT  CFR.S  - DEUTSCHE BANK RAISES TARGET PRICE TO CHF
165 FROM CHF 150
    CICOR TECHNOLOGIES  CICN.S  - BAADER HELVEA CUTS TO ADD FROM
BUY; CUTS TARGET PRICE TO CHF 57.6 FROM CHF 58.5
    
    ECONOMY
    Swiss May manufacturing PMI due at 0730 GMT.
    SNB data on Swiss sight deposits due at 0800 GMT.
    

 (Reporting by Zurich newsroom and Gdansk newsroom)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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