Swiss stocks - Factors to watch on October 17
17/10/2024 06:24
ZURICH/GDANSK, Oct 17 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Thursday:
NESTLE NESN.S
Nestle cut its full-year sales outlook and reported
worse-than-expected nine-month organic sales growth on Thursday
as the world's biggest packaged food company failed to grow
volumes amid continued price hikes.
NOVARTIS NOVN.S
Novartis has lost a bid to keep a generic version of its
top-selling heart failure drug Entresto off the U.S. market by
blocking regulators from approving it, though the generic's
launch faces other legal roadblocks.
ABB ABBN.S
Swiss engineering group ABB on Thursday reported
better-than-expected operating profit for its third quarter and
edged higher its profitability outlook for the year.
COMPANY STATEMENTS
* SCHINDLER HOLDING AG SCHP.S - Schindler Q3 sales fall
slightly
*VAT GROUP AG VACN.S - Q3 net sales down at CHF 209 Mln
ANALYSTS' VIEWS
BURCKHARDT COMPRESSION HOLDING AG BCHN.S - BERENBERG
INITIATES COVERAGE WITH BUY RATING; PRICE TARGET CHF 734
ECONOMY
Swiss September trade due at 0600 GMT.
(Reporting by Zurich newsroom and Gdansk newsroom)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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