Swiss stocks - Factors to watch on Nov 24
24/11/2015 06:36
ZURICH, Nov 24 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Tuesday:
NOVARTIS NOVN.VX
The European Commission has approved Novartis' Entresto drug
for the treatment of adult patients with symptomatic chronic
heart failure with reduced ejection fraction, the Swiss
drugmaker said. urn:newsml:reuters.com:*:nFWN13I01P
For more click on NOVN.VX
COMPANY STATEMENTS CPR-CH
* COMET Group COTN.S said it plans to grow sales to 500
million Swiss francs ($490.97 million) by 2020 with an EBITDA
margin of 16-18 percent. The company is presenting its Strategy
2020 at the group's 2015 investor day. COTN.S
* Morgan Stanley MS.N has hired a team of private wealth
advisers from Credit Suisse CSGN.VX in New York, Bloomberg
reported, citing an e-mailed statement from Morgan Stanley.
CSGN.VX
* Leonteq LEON.S said it was informed of a number of
concurrent transactions related to its shares urn:newsml:reuters.com:*:nFWN13I045. It
was also informed by Raiffeisen Switzerland Cooperative of the
results of its placement of Leonteq shares held by its
subsidiary, Notenstein La Roche Private Bank. LEON.S
* Cembra Money Bank CMBN.S said Chief Financial Officer
Antoine Boublil has decided to leave the company to be CFO of
the Swiss Universal Bank Division of Credit Suisse. CMBN.S
* lastminute.com LMN.S announced a partnership with Bat
Sharing, an urban mobility app. It is now the major shareholder
of URBANnext SA, which operates Bat Sharing. LMN.S
* Partners Group PGHN.S said it had completed its
acquisition of a minority stake in China-based retailer
Aiyingshi. PGHN.S
* Cicor CICN.S said it was taking targeted measures for
the strategic orientation of the group. In future, it aims to
generate an EBITDA margin over 10 percent. CICN.S
ECONOMY M-CH
* Third-quarter data for non-farm payrolls, which had been
due on Tuesday, will be delayed as a result changes to the
formula by the Federal Statistics Office. It hopes to be able to
release provisional figures in 2015.
RATINGS
* Credit Suisse CSGN.VX : JP Morgan cuts target price to 28
francs from 30 francs; rating overweight
* Richemont SA CFR.VX : Nomura cuts price target to 90
francs from 92 francs.
* Swatch UHR.VX : Nomura cuts target price to 410 francs
from 460 francs.
($1 = 1.0184 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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