off-the-wire

Swiss stocks - Factors to watch on March 3

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 3 - The Swiss blue-chip SMI was seen opening 0.1% higher at 11,180 points on Friday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks:


CREDIT SUISSE Credit Suisse is offering higher deposit rates than its rivals to attract new funds from wealthy clients in Asia, people with knowledge of the matter said, as the embattled private bank seeks to stem outflows and stop its bankers leaving. CLARIANT The Swiss specialty chemical maker is facing sanctionsconcerning alleged violations of financial reporting regulations, SIX Exchange Regulation (SER) said.



COMPANY STATEMENTS
*SFS Group : FY EBIT At CHF 330.3 Mln, Up 9.5% YoY, Expects 2023 EBIT Margin Along Mid-Term Guidance Of 12–15%
*Coltene Holding : FY Sales Fell 4.3% To 267.1 Mln CHF; Maintains 2023 Medium-Term Targets
* Bachem Holding AG signs agreementfor development and supply of peptides


ANALYSTS' VIEWS ABB - HSBC RAISES TARGET PRICE TO CHF 32 FROM CHF 30 INA INVEST HOLDING AG - CREDIT SUISSE CUTS TARGET PRICE TO CHF 21 FROM CHF 22 SCHINDLER HOLDING AG - HSBC RAISES TARGET PRICE TO CHF 165 FROM CHF 163, CUTS TO REDUCE FROM HOLD; RBC RAISES TARGET PRICE TO CHF 205 FROM CHF 190 ZURICH INSURANCE GROUP AG - JP MORGAN CUTS TARGET PRICE TO CHF 430 FROM CHF 500


SOFTWAREONE : DEUTSCHE BANK RAISES TARGET PRICE TO CHF 15 FROM CHF 14 CLARIANT AG : CREDIT SUISSE CUTS TARGET PRICE TO CHF 21 FROM CHF 22 HOLCIM AG : MORGAN STANLEY RAISES TARGET PRICE TO CHF 64 FROM CHF 61


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


Daily Swiss stock market report in German All SMI constituent stocks DJ STOXX index Top 10 STOXX sectors Top 10 EUROSTOXX sectors Swiss mid-cap index Swiss all-share index Swiss market digest Sector overview All Swiss news Swiss research news All equity news SPEED GUIDES: ))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.