off-the-wire

Swiss stocks - Factors to watch on February 20

Kitco Media
By Reuters
Published:
Updated:
Reuters
ZURICH/BERLIN, Feb 20 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2% higher at 11,276 points on Monday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: NOVARTIS Novartis announced the appointment of Gilbert Ghostine as chairman-designate of Sandoz, the generics unit Novartis wants to spin off later this year.


SULZER The pump-maker reported full year net profit of 28 million Swiss francs after being hit by one-off impacts caused by the company's exit from Russia. The company said it expected sales growth of 7-9% in 2023 and operational profitability above 10%. ANALYSTS' VIEWS INA INVEST HOLDING AG : CREDIT SUISSE CUTS TARGET PRICE TO CHF 22 FROM CHF 23.5 NESTLE SA : MORGAN STANLEY RAISES TARGET PRICE TO CHF 123 FROM CHF 122 SWISS RE AG : JP MORGAN RAISES TARGET PRICE TO CHF 108 FROM CHF 100 SIKA AG : JP MORGAN RAISES TARGET PRICE TO CHF 228 FROM CHF 216 MOODY'S AFFIRMS SWITZERLAND'S AAA RATINGS, MAINTAINS STABLE OUTLOOK SIKA AG : MORGAN STANLEY RAISES TARGET PRICE TO CHF 292 FROM CHF 285 SWISS RE AG : BERENBERG RAISES TARGET PRICE TO CHF 98 FROM CHF 90


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


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