Swiss stocks - Factors to watch on July 13
13/07/2021 05:45
ZURICH/BERLIN, July 13 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Tuesday:
SWATCH GROUP UHR.S
Swatch Group returned to profit in the first six months of
2021 and its sales jumped more than 50% as demand recovered from
the low point of the COVID-19 pandemic, the Swiss watchmaker
said late on Monday. urn:newsml:reuters.com:*:nL1N2OO1Q2
INSURERS
The local Tokyo Olympics organising committee is unlikely to
get much of an insurance pay-out due to lost ticket sales from a
ban on spectators, after using up much of its event cancellation
policy on postponement costs last year, insurance sources say.
Swiss Re SRENH.S reiterated on Monday that it has a $250
million exposure to the Olympics.
COMPANY NEWS
GEBERIT GEBN.S named Tobias Knechtle as its new CFO.
GEBN.S
ANALYSTS' VIEWS
INFICON HOLDING AG IFCN.S : CREDIT SUISSE RAISES TARGET
PRICE TO CHF 813 FROM CHF 695
AUTONEUM HOLDING AG AUTON.S : CREDIT SUISSE CUTS TARGET
PRICE TO CHF 234 FROM CHF 238
PSP SWISS PROPERTY AG PSPN.S : JP MORGAN RAISES TARGET
PRICE TO CHF 125 FROM CHF 105
ECONOMY
* Swiss May producer prices due at 0630 GMT.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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