Swiss stocks - Factors to watch on May 21

Idorsia

21/05/2024 05:57

ZURICH/BERLIN, May 21 2024 (Reuters) - Here are some of
the main factors that may affect Swiss stocks on Tuesday:
    
    NESTLE SA  NESN.S 
    Shareholders of Nestle India reject the proposal of an
increase in royalty payments to its Swiss parent.
    
    BALOISE HOLDING AG  BALN.S 
    Activist investor Cevian has taken a 3.12% stake in the
Swiss insurer.
      
    COMPANY STATEMENTS
    JULIUS BAER  BAER.S  - Switzerland's Finance mininster,
Karin Keller-Sutter, and Julius Baer's CEO will speak at the
Finance Forum event in Liechtenstein
    
    IDORSIA  IDIA.S 
    The company published full year 2023 and first quarter 2024
results.
    
    ANALYSTS' VIEWS
    SONOVA HOLDING AG  SOON.S  - JEFFERIES CUTS TO HOLD FROM
BUY; RAISES TARGET PRICE TO CHF 300 FROM CHF 290
    SONOVA HOLDING AG  SOON.S  - BARCLAYS RAISES TARGET PRICE TO
CHF 320 FROM CHF 310
    SONOVA HOLDING AG  SOON.S  - MORGAN STANLEY CUTS TO
EQUAL-WEIGHT FROM OVERWEIGHT; RAISES TARGET PRICE TO CHF 310
FROM 307
    COMPAGNIE FINANCIERE RICHEMONT SA  CFR.S  - TD COWEN RAISES
TARGET PRICE TO CHF 155 FROM CHF 123
    COMPAGNIE FINANCIERE RICHEMONT SA  CFR.S  - UBS RAISES
TARGET PRICE TO CHF 164 FROM CHF 163
    COMPAGNIE FINANCIERE RICHEMONT SA  CFR.S  - TELSEY ADVISORY
GROUP RAISES TARGET PRICE TO CHF 155 FROM CHF 120
    COMPAGNIE FINANCIERE RICHEMONT SA  CFR.S  - JEFFERIES RAISES
TARGET PRICE TO CHF 165 FROM CHF 155
    
    ECONOMY
    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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