off-the-wire

Swiss stocks - Factors to watch on February 7

Kitco Media
By Reuters
Published:
Updated:
Reuters
ZURICH/BERLIN, Feb 7 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2% higher at 11,302 points on Tuesday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks on Tuesday: CREDIT SUISSE <CSGN.S > Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as a "super boutique" and sees revenue surging to as much as $3.5 billion, as the embattled lender seeks to raise funds for the revamped business, a company document seen by Reuters shows. Separately, Bloomberg News reported Credit Suisse Group AG is delaying a compensation day for some of its bankers. HOLCIM Holcim AG said on Tuesday it has agreed to acquire U.S. roofing systems manufacturer Duro-Last in a transaction valued at $1.29 billion. LUZERNER KANTONALBANK AG Reported 2022 full-year consolidated profit of 226.6 million Swiss francs ($244.52 million). COMPANY STATEMENTS
*Dufry announces the Global Executive Committee of the combined Group between Dufry and Autogril. Xavier Rossinyol is the Chief Executive Officer.


*Roche announces positive data from global Phase III programme for Crovalimab in PNH, a rare life-threatening blood condition.
*Idorsia announces financial results for 2022. FY revenue CHF 97 million vs. estimate CHF 78.5 million. ANALYSTS' VIEWS LEM HOLDING SA : CREDIT SUISSE CUTS TARGET PRICE TO CHF 1950 FROM CHF 2020 ZUR ROSE GROUP AG : JEFFERIES RAISES TO BUY FROM HOLD; RAISES TARGET PRICE TO CHF 64 FROM CHF 26 ZUR ROSE GROUP : HSBC RAISES TARGET PRICE TO CHF 51 FROM CHF 33 ZUR ROSE GROUP AG : BERENBERG RAISES TARGET PRICE TO CHF 60 FROM CHF 30 ZUR ROSE GROUP AG : DEUTSCHE BANK RAISES TARGET PRICE TO CHF 56 FROM CHF 22 ECONOMY Swiss January unemployment rate due at 0645 GMT. Seen at 2.2% unadjusted, 1.9% adjusted. Swiss January forex reserves due at 0800 GMT. ($1 = 0.9267 Swiss francs) (Reporting by Zurich newsroom and Berlin Speed Desk)


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