Swiss stocks - Factors to watch on January 31
31/01/2020 06:23
ZURICH/BERLIN, Jan 31 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
UBS UBSG.S
Italian prosecutors have investigated UBS Europe for
possible money laundering and obstructing the work of regulators
as part of a fraud inquiry into small asset manager Sofia SGR,
two sources with direct knowledge of the matter said.
urn:newsml:reuters.com:*:nL8N29Z7TK
COMPANY STATEMENTS
* Novartis NOVN.S said the U.S. Food and Drug
Administration (FDA) has approved a label update for Cosentyx to
include the option for up-titration to a 300 mg dose for adults
with active ankylosing spondylitis. urn:newsml:reuters.com:*:nFWN29Z1G4
* Mobimo Holding MOBN.S said Chief Financial Officer
Manuel Itten would leave the company at end of July 2020.
* Stadler SRAIL.S reported full-year sales growth of 60%
to 3.2 billion Sfr and said it expected 2020 sales to grow to a
double-digit figure. urn:newsml:reuters.com:*:nFWN2A0030
* LEM Holding LEHN.S posted an 8.6% drop in nine-month
EBIT to 46.4 million Sfr. urn:newsml:reuters.com:*:nFWN29Z15G
ANALYSTS' VIEWS
VONTOBEL HOLDING AG VONN.S : CITIGROUP raises price target
to chf 73 from chf 68.5, cuts to "neutral" from "buy"
LONZA GROUP AG LONN.S : JP Morgan raises price target to
chf 440 from chf 390. Baader Helvea raises target price to chf
424 from chf 372.
STRAUMANN HOLDING AG STMN.S : Berenberg cuts to "sell" from
"hold"; cuts price target to chf 790 from chf 815.
SIG COMBIBLOC GROUP AG SIGNC.S : CITIGROUP raises price
target to chf 17 from chf 14.6
ECONOMY
Swiss December retail data due at 0730 GMT.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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