Swiss stocks - Factors to watch on October 14
Swiss stocks - Factors to watch on October 14 ZURICH/GDANSK, Oct 14 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Wednesday:
COMPANY STATEMENTS
LONZA GROUP AG LONN.S
The company upgraded, as part of its capital markets day, its organic growth model, now expecting to reach a core EBITDA margin in the high thirties in the mid-term.
GALDERMA GROUP AG GALD.S
Swiss skincare conglomerate Galderma GALD.S has agreed to buy medical-grade skincare company ZO Skin Health for around $1.5 billion, according to two people familiar with the matter.
UBS GROUP AG UBSG.S
A committee in Switzerland's upper house of parliament on Tuesday backed a government plan to create a public liquidity backstop for systemically important banks that would levy a fee on UBS UBSG.S to access it.
BOSSARD HOLDING AG BOS.S
The company said it reached for the third quarter group sales of 296.1 million Swiss francs ($356.06 million), up 12.0% year-on-year
ANALYSTS' VIEWS
SWISS RE AG SRENH.S : JEFFERIES CUTS TO UNDERPERFORM FROM HOLD; CUTS TARGET PRICE TO CHF 110 FROM CHF 130
ECONOMY
Swiss Bond Auction due at 0900 GMT.
SNB US Dollar auction due at 1000 GMT
($1 = 0.8316 Swiss francs)
(Reporting by Zurich newsroom and Gdansk newsroom)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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