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analysts downgrade recommendations for major companies ahead of market opening
Analysts have made several adjustments to their recommendations for various companies. Notable changes include Deutsche Bank lowering Air France-KLM's sell recommendation to EUR 8.50 and JPMorgan downgrading Arkema and BASF to Underweight with targets of EUR 68.50 and EUR 45, respectively. Meanwhile, Genfit received a Buy rating from Van Lanschot Kempen, targeting EUR 9, and Nexity was initiated with a Buy coverage by CIC, targeting EUR 12.
Deutsche Bank lowers Clariant stock price target amid revised EBITDA forecasts
Deutsche Bank has lowered its price target for Clariant AG to CHF 10.50 from CHF 11.00 while maintaining a Hold rating. This adjustment follows a 5.3% decrease in the 2025 underlying EBITDA forecast to CHF 730 million, influenced by reduced sales expectations and foreign exchange headwinds. Clariant aims for 3-5% sales growth in 2025, primarily from its Care and Adsorbents & Additives divisions, despite anticipated flat sales due to currency impacts.
Swiss stock market shows minimal movement amid mixed corporate earnings and monetary policy concerns
The Swiss stock market showed minimal movement, with the SMI down 0.07% to 8215.17 points and the SPI down 0.04% to 8908.21 points. Credit Suisse saw a surprising profit but fell 2.25%, while UBS and Julius Bär also declined. Defensive stocks like Nestlé and Roche had mixed results, and Logitech surged 7.83% in the broader market.
The Swiss stock market declined, with the SMI Leading Value Index down 0.67% to 8166.01 points amid uncertainty following the Federal Reserve's unchanged benchmark rate. Credit Suisse's surprising profit announcement led to a 3.38% drop in its shares, while UBS and Julius Bär also fell. Logitech surged 15.94% as it reported strong growth for the fiscal year.
Swiss stock exchange declines as investors take profits amid mixed earnings reports
The Swiss stock exchange closed sharply lower, with the SMI down 1.54% at 8095.07 points, as investors took profits after recent gains. Credit Suisse saw a significant drop of 5.02% despite reporting a profit for the second quarter, while other major banks and insurance companies also faced declines. In contrast, Logitech surged 13.62% following a strong start to its fiscal year.
The Swiss stock market is on an upward trend, with the SMI Index rising 1.25% to 7911.11 points and the SPI gaining 1.29% to 8216.60 points. Traders note a stabilization phase despite lingering uncertainties, while stocks like ABB, Adecco, and LafargeHolcim show strong performances. In the luxury sector, Swatch and Richemont benefit from positive expectations for Chinese New Year sales, while Clariant faces pressure due to disappointing figures.
Swiss market dips as investors await uncertain US election results
The Swiss stock market opened slightly weaker on Monday, with investors cautious ahead of the uncertain US presidential elections. Demand was noted for Bachem, Clariant, SIG, and Galderma, while the Swiss franc strengthened and the dollar weakened. Oil prices also saw an increase, contributing to market volatility.
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