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At the St. Galler Kantonalbank investment forum, financial experts expressed a "cautiously optimistic" outlook for the economy in 2025, highlighting a potential decline in interest rates that could favor equities over bonds. While the US economy shows promise, the European market is weakening, particularly in France and Germany, though Switzerland's tourism sector remains strong. The discussion also emphasized the value of "hidden champions" in niche markets, such as Accelleron Industries, and addressed audience inquiries about silver's volatility compared to gold and the challenges in valuing Stadler shares.
UBS has raised its price target for Accelleron from CHF 47 to CHF 51.80, maintaining a "buy" rating. The analyst anticipates that Accelleron will secure a leading position in the turbocharger market for ships, driven by positive global demand for shipping capacities.

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