Swiss stocks - Factors to watch on July 27

Leonteq AG

27/07/2022 05:45

ZURICH/BERLIN, July 27 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
      
    CREDIT SUISSE GROUP AG  CSGN.S 
    The lender named asset management expert Ulrich Koerner as
its new chief executive, the latest sign of churn at the Swiss
bank that announced a strategic review as it struggles to
recover from a series of scandals.  urn:newsml:reuters.com:*:nZ8N2V002A
    The bank also posted a 1.59 billion Swiss franc ($1.65
billion) second-quarter loss, badly missing market expectations.
 urn:newsml:reuters.com:*:nS8N2VY008
    
    
    HOLCIM AG  HOLN.S 
    The group beat sales and profit forecasts during its second
quarter, the world's largest cement maker said on Wednesday, as
it upgraded its full year sales outlook.  urn:newsml:reuters.com:*:nTUA7T2GFW
    
    
    
    COMPANY STATEMENTS
    * ADDEX  ADXN.S  completes $4.2 million equity financing
 ADXN.S 
    * OBSEVA  OBSN.S  announces corporate updates  OBSN.S 
    * KOMAX HOLDING  KOMN.S  said competition authorities had
grant clearance for the combination of Komax and Schleuniger.
 KOMN.S 
    
    
    ANALYSTS
    UBS GROUP AG  UBSG.S : CREDIT SUISSE CUTS TARGET PRICE TO
CHF 22 FROM CHF 23
    LOGITECH INTERNATIONAL SA  LOGI.O : JP MORGAN CUTS TARGET
PRICE TO $72 FROM $78
    GEBERIT AG  GEBN.S : CREDIT SUISSE CUTS TARGET PRICE TO CHF
485 FROM CHF 600
    GALENICA AG  GALE.S : CREDIT SUISSE CUTS TO UNDERPERFORM
FROM NEUTRAL; RAISES TARGET PRICE TO CHF 70 FROM CHF 67
    HIAG IMMOBILIEN HOLDING AG  HIAG.S : CREDIT SUISSE CUTS
TARGET PRICE TO CHF 88 FROM CHF 97
    LEONTEQ AG  LEON.S : CREDIT SUISSE CUTS TARGET PRICE TO CHF
86 FROM CHF 88 
    
    ECONOMY
    Swiss July Investor Sentiment due at 0800 GMT.
    
    

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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