Swiss stocks - Factors to watch on May 2

Highlight Event and Entertainment AG

02/05/2023 05:51

ZURICH/BERLIN, May 2 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Tuesday:
    
    GEBERIT  GEBN.S  
    First quarter results due. 
    LOGITECH  LOGN.S  
    Computer peripherals maker Logitech International SA
 LOGN.S  reported a 22% drop in fourth-quarter sales to $960
million on Tuesday.  urn:newsml:reuters.com:*:nL4N36Z08Z
   
    UBS  UBSG.S 
    The U.S. Supreme Court on Monday agreed to examine how
difficult it should be for financial whistleblowers to win
retaliation lawsuits against their employers as the justices
took up a long-running case involving Switzerland's UBS Group AG
 UBSG.S .  urn:newsml:reuters.com:*:nL1N36Y0NO
    Also, as UBS's takeover of former rival Swiss bank Credit
Suisse  CSGN.S  nears completion, details are emerging of what
the new merged bank will look like. UBS is working towards
spinning off the Swiss part of Credit Suisse and having the
business's current head, Andre Helfenstein, run it, NZZ am
Sonntag reported on Sunday.  urn:newsml:reuters.com:*:nL1N36X04R
    
    COMPANY STATEMENTS
    * Baloise  BALN.S  reported after market close on Friday
that its solvency ratio for 2022 was 240%.  urn:newsml:reuters.com:*:nFWN36V3JX
    * Highlight Event and Entertainment  HLEE.S  on Friday said
its 2022 consolidated sales rose to CHF 524 million  urn:newsml:reuters.com:*:nFWN36V3HZ
    * Swiss Life Holding  SLHN.S  reported after market close on
Friday that its SST ratio was 215% on Jan. 1, 2023.  urn:newsml:reuters.com:*:nFWN36V3HU
    * Transocean  RIGN.S  reported a quarterly adjusted loss of
38 cents​​ per share for the quarter ended in March.
 urn:newsml:reuters.com:*:nL8N36Y3OD
    
    ANALYSTS' VIEWS
    CLARIANT AG  CLN.S : CREDIT SUISSE ASSUMES COVERAGE WITH
OUTPERFORM RATING; PRICE TARGET CHF 21
    NOVARTIS AG  NOVN.S : JEFFERIES RAISES TARGET PRICE TO CHF
105 FROM CHF 100
    SGS SA  SGSN.S : CREDIT SUISSE STARTS WITH OUTPERFORM
RATING; TARGET PRICE CHF 100
    
    ECONOMY
    Swiss Q2 consumer confidence due at 0700 GMT.
    Swiss April Manufacturing PMI due at 0730 GMT. 
    SNB data on Swiss sight deposits due at 0800 GMT.

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