Swiss stocks - Factors to watch on May 24
24/05/2022 05:36
ZURICH/BERLIN, May 24 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Tuesday:
NESTLE NESN.S
Nestle SA on Monday said its Nestle Health Science unit has
reached a deal to acquire Brazilian organic, natural,
plant-based food maker Puravida. urn:newsml:reuters.com:*:nL2N2XF168
COMPANY STATEMENTS
* Sulzer SUN.S joined other Western groups in announcing
its exit from the Russian market. It said a sales process of the
business would begin with immediate effect. SUN.S
* Kuehne und Nagel KNIN.S said it had entered into an
agreement with Adidas ADSGn.DE for a new 130,000 square metre
fulfilment centre for the German sportswear group in Mantova,
Italy, to open in 2024 and create around 700 new jobs. KNIN.S
* KaliVir Immunotherapeutics said it had entered into global
exclusive licensing agreement with Roche ROG.S for novel
oncolytic viruses. ROG.S
* U BLOX UBXN.S said Thomas Seiler would step down as CEO
at year-end, with Stephan Zizala assuming the role on Jan. 1,
2023. UBXN.S
* Mobilezone MOZN.S said it was opening a new store at
Zurich Airport. MOZN.S
* Dufry DUFN.S said it extended a concession contract at
Heathrow Airport to 2029. DUFN.S
* Baloise BALN.S said 2021 profit of 40.2 million Swiss
francs in its Swiss occupational pension business was on par
with the prior year. BALN.S
* Evolva EVE.S said it raised proceeds of 6.3 million
francs in a private placement of 62.6 million shares. EVE.S
* LEM Holding LEHN.S said full-year EBIT increased by
45.1% to 88.4 million Swiss francs. LEHN.S
ANALYSTS' VIEWS
COMPAGNIE FINANCIERE RICHEMONT SA CFR.S : JEFFERIES CUTS
TARGET PRICE TO CHF 125 FROM CHF 140; COWEN AND COMPANY CUTS
TARGET PRICE TO CHF 107 FROM CHF 148
DAETWYLER HOLDING AG DAE.S : CREDIT SUISSE CUTS TO NEUTRAL
FROM OUTPERFORM; CUTS TARGET PRICE TO CHF 249 FROM CHF 374
IDORSIA LTD IDIA.S : CITIGROUP RAISES PRICE TARGET TO CHF
33 FROM CHF 25
ECONOMY
No major Swiss economic data scheduled.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
((For Top News in a multimedia Web format on Eikon visit: https://bit.ly/2NDFd6g
FOR RELATED PRICES, NEWS AND OTHER TOPICS, DOUBLE-CLICK ON:
Daily Swiss stock market report in German .SDE
All SMI constituent stocks 0#.SSMI
DJ STOXX index .STOXX
Top 10 STOXX sectors .PGL.STOXXS
Top 10 EUROSTOXX sectors .PGL.STOXXES
Swiss mid-cap index .SSMI
Swiss all-share index .SSHI
Swiss market digest .AD.S
Sector overview CH/SECTOR1
All Swiss news CH
Swiss research news CH-RCH
All equity news E
SPEED GUIDES: EQUITY EQUITY/NEWS1 EUR/EQUITY SWITZERLAND REUTERS ))