Swiss stocks - Factors to watch on May 4

Compagnie Financiere Tradition SA

04/05/2022 05:28

ZURICH/BERLIN, May 4 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
    
    GEBERIT AG  GEBN.S 
    Operating profit fell 5% during the first quarter as
"massive" price increases for raw materials and the stronger
Swiss franc took their toll on higher sales, the maker of
bathroom systems and piping said on Wednesday  GEBN.S 
          
    SWISSCOM  SCMN.S 
    The telecom provider's internet service went down for around
20 minutes in large parts of Switzerland on Tuesday evening,
media reported, citing the company as blaming maintenance work
    
    NOVARTIS  NOVN.S 
    Kymriah receives EC approval as first CAR-T cell therapy for
adults with relapsed or refractory follicular lymphoma  NOVN.S 
    
    COMPANY STATEMENTS
    * Compagnie Financiere Tradition SA  CFT.S : at constant
exchange rates, consolidated revenue increased 3.7% in Q1
 CFT.S 
    * Meyer Burger Technology AG  MBTN.S : names Markus Nikles
chief financial officer  MBTN.S 
    * Mobimo  MOBN.S  said 96.8% of subscription rights had been
exercised in its rights offering.  MOBN.S 
    * Aluflexpack  AFPD.S  said its unaudited net sales
increased by 23.0% to EUR 76.9M for the first 3 months of 2022
 urn:newsml:reuters.com:*:nFWN2WV12H
    
    ANALYST VIEWS
    JULIUS BAER GRUPPE AG  BAER.S : CITIGROUP CUTS PRICE TARGET
TO CHF 70 FROM CHF 74 
    LOGITECH INTERNATIONAL SA  LOGI.O : CITIGROUP CUTS PRICE
TARGET TO $95 FROM $110
    LOGITECH INTERNATIONAL SA  LOGI.O : JP MORGAN CUTS TARGET
PRICE TO $87 FROM $103
    AMS OSRAM AG  AMS.S : CREDIT SUISSE CUTS TARGET PRICE TO CHF
13.80 FROM CHF 17.70
    
    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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