Swiss stocks - Factors to watch on February 22
ZURICH/BERLIN, Feb 22(Reuters) -The Swiss blue-chip SMI .SSMI was seen opening 0.1% lower at 11,270 points on Wednesday, according to premarket indications by bank Julius Baer JBPRE01.
Here are some of the main factors that may affect Swiss stocks:
CREDIT SUISSE CSGN.S
The Swiss financial regulator is reviewing remarks made by Credit Suisse Group Chairman Axel Lehmann about outflows from the lender having stabilised in early December, two people with knowledge of the matter have told Reuters. nL1N35114Y
RICHEMONT CFR.S
Richemont is being targeted by French luxury group LVMH LVMH.PA, reported Finanz und Wirtschaft. nL4N3513S2
SCHINDLER SCHP.S
Swiss elevator and escalator manufacturer Schindler said on Wednesday it expects low single-digit revenue growth in local currencies for 2023, citing the ongoing slowdown of the global economy, combined with the pressure on the real estate and construction sectors. nL1N3520AG
EFG INTERNATIONAL EFGN.S
EFG International's net profit fell 1.7% to 202.4 million Swiss francs ($218.50 million) last year, the Swiss private bank said on Wednesday, as it settled legal proceedings related to a client relationship with a Taiwanese insurance company.nL8N35216D
COMPANY STATEMENTS
*Givaudan GIVN.S said it is to acquire a portfolio of major cosmetics ingredients from Amyris AMRS.O. GIVN.S
*Garmin Ltd GRMN.K is set to release its full-year results. GRMN.K
*Transocean RIGN.S reported a quarterly adjusted loss of 49 cents per share for the quarter ended in December. RIGN.S
*Medmix AG MEDX.S targets 5% to 7% growth in revenue in 2023. MEDX.S
*Siegfried SFZN.S reported full-year adjusted net income of 127.8 million Swiss francs ($137.86 million). SFZN.S
ANALYSTS' VIEWS
SWISSCOM SCMN.S: HSBC RAISES TARGET PRICE TO CHF 630 FROM CHF 600
SIKA AG SIKA.S: CREDIT SUISSE CUTS TARGET PRICE TO CHF 350 FROM CHF 367
IDORSIA LTD IDIA.S: JEFFERIES CUTS TARGET PRICE TO CHF 13 FROM CHF 16.2
TEMENOS AG TEMN.S: JEFFERIES RAISES TARGET PRICE TO CHF 66 FROM CHF 55
TEMENOS AG TEMN.S: CITIGROUP RAISES PRICE TARGET TO CHF 72 FROM CHF 70
TEMENOS AG TEMN.S: DEUTSCHE BANK RAISES TARGET PRICE TO CHF 60 FROM CHF 55
ECONOMY
Swiss February Investor Sentiment due at 0900 GMT
($1 = 0.9270 Swiss francs)
Reporting by Zurich newsroom and Berlin Speed Desk
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SPEED GUIDES: EQUITY, EQUITY/NEWS1, EUR/EQUITY, SWITZERLAND, REUTERS
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