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analysts update recommendations and price targets for major european companies

Swiss stock market rises as Kühne Nagel and UBS lead gains

The Swiss stock market closed higher on Monday, with the SMI index surpassing 12,000 points for the first time since late October, despite a cautious trading environment ahead of Donald Trump's inauguration. Kühne + Nagel, Lonza, and UBS were among the top gainers, while Zurich and Schindler saw declines. The VSMI volatility index rose by 6.5%, indicating expectations of increased market fluctuations.

analysts update recommendations and price targets for key european stocks

Analysts have made several notable recommendations, including JP Morgan maintaining an Underweight rating for Adecco with a reduced target of CHF 19.60, while Air France-KLM was downgraded by Barclays to Underweight with a target of EUR 7. ArgenX received a buy rating from HC Wainwright & Co, raising its target to 717 USD, and BioMérieux was upgraded to Outperform by Oddo BHF with a target of EUR 132. Other significant changes include upgrades for Deliveroo and Orange, while OVH Groupe remains a sell with a raised target of EUR 8.50.

swiss small and mid caps show resilience amid economic challenges

Swiss small and mid-cap companies present intriguing opportunities for portfolio diversification, particularly in sectors like medtech, which has outpaced the Swiss economy with 6% growth over the past decade. While some sectors face challenges, such as food and automotive, others, especially those linked to artificial intelligence and pharmaceuticals, are thriving. Current valuations in this segment are below historical averages, indicating potential for growth despite a seemingly unfavorable environment.
07:00 14.11.2024
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