Swiss stocks - Factors to watch on February 23

Kitco Media
By Reuters
Published:
Updated:
Reuters
ZURICH/BERLIN, Feb 23 (Reuters) - The Swiss blue-chip SMI was seen opening 0.3% higher at 11,331 points on Thursday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: UBS The bank is looking to apply for a mutual fund license in China, the Wall Street Journal reported, citing people familiar with the matter.


MERCURIA A subsidiary of China's CNIC Corp has bought a minority stake in Swiss-based global energy trader Mercuria, sources familiar with the matter said. SIKA Canada's competition bureau said it reached an agreement with Sika AG to address competition concerns with its acquisition of MBCC Group. Sika AG has agreed to sell certain MBCC Group assets to a single independent purchaser to be approved by the Commissioner of Competition, the authority said. CREDIT SUISSE Apollo is in discussions regarding $750 million First Boston leveraged-finance bet, Bloomberg News reported. CEMBRA MONEY BANK AG The bank confirmed its 2023 targets after reporting 2022 net income rising 5% to 169.3 million Swiss francs. COMPANY NEWS
* ROCHE HOLDING said it has launched two new antibodies to identify key clinical mutations in patients with brain cancer. ANALYSTS' VIEWS NESTLE : HSBC CUTS TARGET PRICE TO CHF 119 FROM CHF 123 SCHINDLER HOLDING AG : CREDIT SUISSE RAISES TARGET PRICE TO CHF 230 FROM CHF 195 STRAUMANN HOLDING AG : JEFFERIES RAISES TARGET PRICE TO CHF 148 FROM CHF 130 DORMAKABA HOLDING AG : JEFFERIES RAISES TO BUY FROM HOLD; CUTS TARGET PRICE TO CHF 500 FROM CHF 530 SCHINDLER HOLDING AG : CITIGROUP RAISES PRICE TARGET TO CHF 213 FROM CHF 183 EFG INTERNATIONAL AG : CITIGROUP RAISES PRICE TARGET TO CHF 9.3 FROM CHF 9 ECONOMY


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


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