Swiss stocks - Factors to watch on December 19
19/12/2019 05:58
BERLIN/ZURICH, Dec 19 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
SWATCH GROUP UHR.S
Swatch Group threatened on Wednesday to pursue damages after
it said the Swiss competition authority COMCO wants to prohibit
the world's biggest watch maker from supplying watch mechanisms
to other companies during 2020. COMCO Director Patrik Ducrey
told Reuters the agency would issue a statement on Thursday.
urn:newsml:reuters.com:*:nFWN28S0Q5
COMPANY STATEMENTS
* Gurit Holding GUR.S signed a three-year contract for
core materials worth 25 million Swiss francs ($25.07 million)
with a Chinese OEM, half of which will be for PET core material.
The company added it plans to proceed with an already-announced
plan to increase its PET extrusion capacities in 2020 at sites
in Tianjin, China and Matamoros, Mexico. urn:newsml:reuters.com:*:nFWN28S0LG
* Voluntis VTX.PA announced a new collaboration in
oncology with Novartis NOVN.S to evaluate the use of Voluntis'
digital therapeutic platform for breast cancer patients.
urn:newsml:reuters.com:*:nFWN28S0T6
ANALYSTS' VIEWS
* BELIMO HOLDING AG BEAN.S : Credit Suisse initiates with
underperform, SFR 5500 target price
* DAETWYLER HOLDING AG DAE.S : Credit Suisse initiates with
outperform, SFR 220 target price
* LOGITECH INTERNATIONAL SA LOGN.S : UBS cuts to neutral
from buy
* SGS SA SGSN.S : Citigroup raises price target to SFR 2500
from SFR 2400
ECONOMY
Swiss trade data for November due at 0700 GMT.
($1 = 0.9972 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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