Swiss stocks - Factors to watch on October 6
06/10/2022 05:37
ZURICH/BERLIN, Oct 6(Reuters) - Here are some of the
main factors that may affect Swiss stocks on Thursday:
SWISS NATIONAL BANK, CREDIT SUISSE CSGN.S
The Swiss National Bank (SNB) is following the situation at
Credit Suisse closely, SNB Governing Board member Andrea
Maechler told Reuters on Wednesday urn:newsml:reuters.com:*:nL8N31649U
Separately, Bloomberg News reported Credit Suisse's
Christopher Chua was hired by HSBC for top Asia M&A role
urn:newsml:reuters.com:*:nL4N3162BA
ANALYSIS-Turmoil turns tide on Europe's banks after long
recovery urn:newsml:reuters.com:*:nL1N3161PE
COMPANY STATEMENTS
* Holcim AG HOLN.S : acquires Wiltshire Heavy Building
Materials, with net sales of over CHF 20m in 2021 HOLN.S
* Wisekey WIHN.S : announces 9-month 2022 preliminary
results; reports revenue of $20.5 million, a 69% increase from
the 9-month 2021 period WIHN.S
* Comet Holding COTNE.S obtains a permanent injunction
against XP Power COTNE.S
ANALYSTS' VIEWS
CREDIT SUISSE GROUP AG CSGN.S : JP MORGAN RAISES TO NEUTRAL
FROM UNDERWEIGHT; CUTS TARGET PRICE TO CHF 6 FROM CHF 6.80
UBS GROUP AG UBSG.S : HSBC CUTS TARGET PRICE TO CHF 21 FROM
CHF 21.7
JULIUS BAER GRUPPE AG BAER.S : HSBC CUTS TARGET PRICE TO
CHF 58 FROM CHF 62
KARDEX HOLDING AG KARN.S : BERENBERG INITIATES COVERAGE
WITH BUY RATING AND TARGET PRICE CHF 175
BYSTRONIC AG BYS.S : CREDIT SUISSE CUTS TARGET PRICE TO CHF
725 FROM CHF 930
ECONOMY
No major Swiss economic data scheduled
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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