off-the-wire

Swiss stocks - Factors to watch on February 6

Kitco Media
By Reuters
Published:
Updated:
Reuters
ZURICH/BERLIN, Feb 6 (Reuters) - The Swiss blue-chip SMI was seen opening down 0.40% at 11,304 points on Monday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: NESTLE Nestle will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, Chief Executive Mark Schneider told a German newspaper. GAM One of GAM's largest investors, Global Emerging Markets (GEM), said on Friday it has increased its stake in the Swiss asset manager to 5%.


COMPANY STATEMENTS
* Novartis Says Patients With Hidradenitis Suppurativa Experienced Sustained Efficacy And Symptom Improvement At One Year When Treated With Novartis Cosentyx
* Zuger Kantonalbank : FY Profit At CHF 97.2 Million
* Novartis affiliate Sandoz's biologics licence application for proposed biosimilar denosumab accepted by U.S. FDA


* LEM Reports 9.5% Increase In Nine-Month Sales For 2022/23 ANALYSTS' VIEWS JULIUS BAER GRUPPE AG : RBC RAISES TARGET PRICE TO CHF 73 FROM CHF 69 LONZA GROUP AG : MORGAN STANLEY RAISES TARGET PRICE TO CHF 710 FROM CHF 695 ALCON AG : BERENBERG RAISES TARGET PRICE TO CHF 88 FROM CHF 86 SGS SA : CITIGROUP RAISES PRICE TARGET TO CHF 2541 FROM CHF 2509


TEMENOS AG : CITIGROUP RAISES PRICE TARGET TO CHF 70 FROM CHF 56


ECONOMY No major Swiss economic data scheduled. (Reporting by Zurich newsroom and Berlin Speed Desk)


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