Swiss stocks - Factors to watch on February 8

EvoNext Holdings SA

08/02/2022 05:31

ZURICH/BERLIN, Feb 8 (Reuters) - The Swiss blue-chip SMI
 .SSMI  was seen opening little changed at 12,192 points on
Tuesday, according to premarket indications by bank Julius Baer
 JBPRE01 .
    Here are some of the main factors that may affect Swiss
stocks:
      
    BANKS
    Oil and gas dealmakers, once the darlings of banking, must
plot their own transitions to lower-carbon careers. Many are
being retrained and repurposed as major banks including Citi,
Credit Suisse  CSGN.S  and Societe Generale merge them into
bigger teams that include clean power and sustainability
specialists.
    
    COMPANY STATEMENTS
    * Idorsia  IDIA.S  posted a net loss of 635 million Swiss
francs for 2021 and set a target to become profitable by 2025,
saying it expected to reach sales above 1 billion francs that
year. It said it expected net revenue of around 145 million
francs for 2022.  IDIA.S 
    * SoftwareONE  SWON.S  said it had acquired European Azure
cloud specialist Predica for an undisclosed price.  SWON.S 
    * Evolva Holding  EVE.S  said it appointed Christian Wichert
its new CEO effective immediately in order to boost its growth
strategy and kickstart its next phase.  EVE.S 
    * Calida  CALN.S  said it signed a binding agreement to sell
Millet Mountain Group, a transaction expected to be completed in
Q2.  CALN.S 
    * Novavest Real Estate  NREN.S  said it would propose
Floriana Scarlato for election to its board.  NREN.S 
    * Relief Therapeutics  RLFB.S  said it filed a trademark
application for RLF-100 in the United States.  RLFB.S 
    
    ANALYSTS' VIEWS
    ZURICH INSURANCE GROUP AG  ZURN.S : MORGAN STANLEY CUTS TO
EQUAL-WEIGHT FROM OVERWEIGHT; RAISES PRICE TARGET TO CHF 500
FROM CHF 480
    ABB LTD  ABBN.S : MORGAN STANLEY CUTS TARGET PRICE TO CHF 26
FROM CHF 28.1
    BALOISE HOLDING AG  BALN.S : MORGAN STANLEY INITIATES
COVERAGE WITH UNDERWEIGHT RATING; TARGET PRICE CHF 149
    
    
    ECONOMY
    Swiss treasury topped up bonds on Tuesday.  urn:newsml:reuters.com:*:nS8N2R00B3
    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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