Swiss stocks - Factors to watch on October 26
26/10/2020 05:48
ZURICH/BERLIN, Oct 26(Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
ARYZTA ARYN.S
The frozen bread maker said on Saturday it had concluded
discussions with Elliott Advisors (UK) Ltd without a binding
takeover offer and that it would now look at other options.
urn:newsml:reuters.com:*:nASN000GG8
JULIUS BAER BAER.S
The Financial Times reported that Julius Baer will withhold
millions of francs in bonuses from its former chief executives
Boris Collardi and Bernhard Hodler, as a result of a South
American money-laundering scandal dating to their times leading
the Swiss wealth manager. Baer declined to comment. urn:newsml:reuters.com:*:nL4N2HE40V
STADLER RAIL SRAIL.S
A government official from Kazakhstan said that the Swiss
train maker has a chance of winning contracts to supply trains
to routes along the historic silk road, helping to expand
Stadler's business in Asia, SonntagsZeitung reported, adding
production would likely be done in Kazakhstan. Russian and
Chinese companies are also vying for contracts likely to include
hundreds of train cars, the newspaper wrote.
GARRETT MOTION G02.BN
Garrett Motion has overcome shareholders to tap KPS as lead
bidder for control of the auto supplier, the Wall Street Journal
reported.
COMPANY STATEMENTS
* CPH Chemie + Papier Holding CPHN.S said it expected a
fiscal year net result of around CHF 40 million ($44.20
million).
ANALYSTS' VIEWS
* INFICON HOLDING AG IFCN.S : CREDIT SUISSE CUTS TARGET
PRICE TO CHF 588 FROM CHF 621
* SIKA AG SIKA.S : JEFFERIES RAISES TARGET PRICE TO CHF 270
FROM CHF 266.50
* SCHINDLER HOLDING AG SCHP.S : CREDIT SUISSE RAISES TARGET
PRICE TO CHF 280 FROM CHF 225
* DKSH HOLDING AG DKSH.S : CREDIT SUISSE RAISES TARGET
PRICE TO CHF 71 FROM CHF 67.5
* ABB LTD ABBN.S : JP MORGAN RAISES TARGET PRICE TO CHF
21.50 FROM CHF 20
ECONOMY
SNB Sight Deposits due at 0900 GMT.
($1 = 0.9049 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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