Swiss stocks - Factors to watch on August 14
14/08/2020 05:55
ZURICH/BERLIN, Aug 14 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
CORONAVIRUS
The World Health Organization said on Thursday it saw no
evidence of coronavirus being spread by food or packaging and
urged people not to be afraid of the virus entering the food
chain. urn:newsml:reuters.com:*:nL8N2FF6SH
UBS UBSG.S
UBS Group AG's Chairman for the Americas Bob McCann will
step down later this year after a nearly 40-year-career that
included stints leading U.S. brokerage operations for both UBS
and Merrill Lynch, according to an internal memo seen by
Reuters. urn:newsml:reuters.com:*:nL1N2FF1S3
AVIATION SERVICES
Senior creditors are reported to have offered to take
control of aviation services provider Swissport from China's HNA
Group, the South China Morning Post reported. urn:newsml:reuters.com:*:nL4N2FG0C0
COMPANY STATEMENTS
* Valiant Holding VATN.S said it placed 115 million Swiss
francs worth of covered bonds VATN.S
* The Swiss Exchange said it had opened a probe into U Blox
Holding AG UBXN.S due to a potential violation of the rules on
regular reporting obligations. urn:newsml:reuters.com:*:nFWN2FF189
* Highlight Event And Entertainment HLEE.S reported
first-half net profit of CHF 1.1 million ($1.21 million).
* Helvetica Property Investors HSCF.S said Helvetica Swiss
Opportunity Fund had successfully acquired a special
pharmaceutical logistics property and further investment
properties were in the final phase of the acquisition review.
ANALYSTS' VIEWS
* TECAN GROUP AG TECN.S : CREDIT SUISSE RAISES TARGET PRICE
TO CHF 425 FROM CHF 305
* STRAUMANN HOLDING AG STMN.S : JEFFERIES RAISES PRICE
TARGET TO CHF 830 FROM CHF 750. JP MORGAN ESTABLISHES DEC 2021
PRICE TARGET OF CHF 668 VS DEC 2020 PRICE TARGET OF CHF 583
* ZURICH INSURANCE GROUP AG ZURN.S : JEFFERIES CUTS PRICE
TARGET CHF 370 FROM CHF 405
* SWISSCOM AG SCMN.S : JP MORGAN CUTS PRICE TARGET TO CHF
517 FROM CHF 521
ECONOMY
Swiss July producer and import prices due at 0630 GMT.
($1 = 0.9100 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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