Swiss stocks - Factors to watch on May 20
20/05/2022 07:04
ZURICH/BERLIN, May 20(Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 0.3% higher at 11,345 points on Friday,
according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks:
ZURICH INSURANCE ZURN.S
The company has agreed to sell its Russian business to
members of the local team, becoming the latest company to
announce its exit from the Russian market. urn:newsml:reuters.com:*:nL5N2XC0OH
COMPAGNIE FINANCIERE RICHEMONT SA CFR.S
The luxury goods group said discussions about its 'Luxury
New Retail' partnership should be concluded "in the near
future", after strong American demand for its jewellery and
watches boosted net profit and sales in the 12 months to March.
urn:newsml:reuters.com:*:nL5N2XC0Q2
COMPANY ANNOUNCEMENTS
* STRAUMANN GROUP STMN.S said it will acquire Plusdental,
a doctor-led clear-aligner treatment solutions provider in
Europe STMN.S
ANALYSTS' VIEWS
SIEGFRIED HOLDING AG SFZN.S : RBC CUTS TARGET PRICE TO CHF
840 FROM CHF 970
JULIUS BAER GRUPPE AG BAER.S : RBC CUTS TARGET PRICE TO CHF
60 FROM CHF 65
LONZA GROUP AG LONN.S : RBC RAISES TO OUTPERFORM FROM
SECTOR PERFORM; CUTS TARGET PRICE TO CHF 650 FROM CHF 720
SONOVA HOLDING AG SOON.S : CREDIT SUISSE CUTS TARGET PRICE
TO CHF 380 FROM CHF 415
JULIUS BAER GRUPPE AG BAER.S : CREDIT SUISSE CUTS TARGET
PRICE TO CHF 65 FROM CHF 68
SIKA AG SIKA.S : BERENBERG RAISES TARGET PRICE TO CHF 370
FROM CHF 325
SONOVA HOLDING AG SOON.S : DEUTSCHE BANK CUTS TARGET PRICE
TO CHF 380 FROM CHF 435
ECONOMY
Swiss Q1 Industrial Production YY due at 0630 GMT
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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