Swiss stocks - Factors to watch on November 11
11/11/2021 05:50
ZURICH/BERLIN, Nov 11 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
ZURICH INSURANCE AG ZURN.S
Zurich Insurance Group expressed confidence about hitting
its 2022 targets while reporting that property and casualty
(P&C) premiums rose 11% on a like-for-like basis in the first
nine months to $31.15 billion. ZURN.S
SIKA SIKA.S
Sika has agreed to buy construction chemicals maker MBCC in
a 5.5 billion Swiss franc ($6.03 billion) deal as it steps up
its strategy to act as a consolidator in the fragmented sector.
Sika said it was buying MBCC Group, the former BASF Construction
Chemicals, from an affiliate of Lone Star Funds, a global
private equity firm. SIKA.S
COMPANY STATEMENTS
* Cicor Technologies Ltd CICN.S : Acquires British Contract
Manufacturer Axis Electronics Ltd CICN.S
* Varia US Properties AG VARN.S : increase of effective
gross income to USD 30.0 million in Q3 2021 (+8.5% compared to
Q3 2020) VARN.S
* SHL Telemedicine Ltd SHLTN.S : enters into agreement with
Christianacare for use of Smartheart full 12 lead ECG technology
SHLTN.S
* Flughafen Zuerich AG FHZN.S : 1'613'866 passengers were
handled at Zurich Airport in October (+244.4% vs. previous year)
FHZN.S
* ASMALLWORLD AG ASWN.S moved its headquarters to a new
location in downtown Zurich ASWN.S
* Bucher Industries AG BUCN.S shut down the IT
infrastructure of the division Bucher Municipal after detecting
a cyberattack. BUCN.S
* Obseva SA OBSN.S filed a prospectus related to the
resale of up to 11.5 million common shares of Obseva SA by
selling shareholders. OBSN.S
* WISeKey WIHN.S to launch a new series of NFTs on its
Wise.Art NFT marketplace platform. WIHN.S
ANALYSTS' VIEWS
ALCON AG ALCC.S : JP MORGAN RAISES TARGET PRICE TO CHF
72.20 FROM CHF 69.80
ALCON AG ALC.N : JEFFERIES RAISES TARGET PRICE TO $98 FROM
$95
ALCON AG ALC.N : BTIG RAISES TARGET PRICE TO $92 FROM $86
ALCON AG ALC.N : BAIRD RAISES TARGET PRICE TO $90 FROM $79
MEDMIX LTD MEDX.S : CREDIT SUISSE INITIATES COVERAGE WITH
OUTPERFORM RATING; TARGET PRICE CHF 50
SIKA AG SIKA.S : HSBC RAISES TARGET PRICE TO CHF 600 FROM
CHF 400
ECONOMY
No major Swiss economic data scheduled
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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