Swiss stocks - Factors to watch on October 30

HBM Healthcare Investments AG

30/10/2020 05:57

ZURICH/BERLIN, Oct 30 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
    
    CORONAVIRUS
    The White House coronavirus task force warned that much of
the U.S. is in the grips of an "unrelenting" surge in COVID-19
cases and urged tough countermeasures, as the number of
infections reported hit a daily record of more than 91,000.
 urn:newsml:reuters.com:*:nL1N2HK1C5
    Germany reported the record number of 18,681 new daily
coronavirus cases.  urn:newsml:reuters.com:*:nL1N2HL0A7
    
    
    LAFARGEHOLCIM  LHN.S 
    The company raised its guidance and said it was seeing
"resilient demand", as it posted better-than-expected earnings
during its third quarter.  urn:newsml:reuters.com:*:nFWN2HK1RS
    
    UBS  UBSG.S  PARTNERS GROUP  PGHN.S 
    UBS is entering into a tie-up with Partners Group, the bank
said, in a move to give its clients access to lucrative private
markets, normally accessible by only the wealthiest investors.
 urn:newsml:reuters.com:*:nL8N2HK853
    
    JULIUS BAER  BAER.S 
    The private bank plans to set up business in China in
partnership with a local financial firm as part of its strategy
to boost growth in Asia, people with direct knowledge of the
matter told Reuters.  urn:newsml:reuters.com:*:nL8N2HJ5L3
    
    SWISS RE  SRENH.S  
    Q3 results due
    
      
    COMPANY STATEMENTS
    * Roche  ROG.S  said it received approval from the U.S. FDA
for the cobas EGFR Mutation Test v2 as the first companion
diagnostic test for expanded EGFR TKI therapies in patients with
non-small cell lung cancer.  urn:newsml:reuters.com:*:nPn1DWkN8a
    * HBM Healthcare Investments  HBMN.S  said its portfolio
company Galecto  GLTO.O  completed its IPO, placing 5.67 million
new shares at $15 and raising $85 million.  urn:newsml:reuters.com:*:nFWN2HK1XF
    
    
    ANALYSTS' VIEWS
    GEBERIT  GEBN.S  - Credit Suisse raises target price to CHF
490 from CHF 450
    SWISSCOM  SCMN.S  - JP Morgan raises target price to CHF 543
from CHF 517
    CLARIANT  CLN.S  - Credit Suisse cuts target price to CHF
17.6 from CHF 19.2; Citigroup cuts price target to CHF 17.75
from CHF 19.75
    KOMAX  KOMN.S  - Credit Suisse cuts target price to CHF 140
from CHF 150
    MOLECULAR PARTNERS  MOLN.S  - Credit Suisse raises target
price to CHF 21 from CHF 17.50
    RIETER  RIEN.S  - Baader Helvea raises to reduce from sell;
raises target price to CHF 78 from CHF 75
    
    
    ECONOMY
    * Swiss September retail sales due at 0730 GMT
    * Swiss October KOF indicator due at 0800 GMT. Seen at 107.0
    * SNB Q3 results due at 0625 GMT
    * Swiss September official reserves assets due at around
0800 GMT

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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