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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.
Investors are on edge ahead of the US inflation figures for December, with a benchmark of 3% in focus. The currency market shows little movement, with the euro/franc stable at 0.9400 and the dollar/franc at 0.9119, as analysts question the sustainability of current dollar optimism amid a robust US economy and inflation concerns.
The Swiss stock market is set to open lower, with the SMI index down 0.24% ahead of the US Federal Reserve's monetary policy decision and UK inflation data. Analysts anticipate a 25 basis point rate cut from the Fed, despite concerns over inflation in a strong US economy. Roche is slightly up after receiving a CE mark for a new testing device, while Dätwyler faces a significant loss due to a restructuring plan.
The representation of women in top corporate finance roles in Switzerland is on the rise, with female CFOs now making up 13% of the positions among listed companies, doubling from the previous year. This figure is approaching the overall female management average of 17%. However, women CEOs remain scarce, with only eight currently in Switzerland, including notable figures like Magdalena Martullo-Blocher and Suzanne Thoma.
ZKB has identified SGS as a top pick for 2025, highlighting its attractive 2.6% dividend yield, which can be received in shares. Despite a challenging economic environment, the company's valuation remains moderate at twelve times EV/EBITDA, with a fair value estimate of CHF 107, indicating a 20% price potential.
The Swiss stock exchange opened higher, with the SMI Index rising 0.68% to 11,619.79 points. Investors are reacting to mixed signals from Wall Street and Asian markets, while awaiting Nvidia's earnings report, which could influence global markets. Notable stock movements include Holcim up 2.46% and Lonza up 1.56%.
The Swiss stock market opened positively on Wednesday, recovering from previous losses linked to escalating Ukraine war concerns. The FuW Swiss 50 Index rose by 1.02%, with Holcim leading gains after an upgrade from JPMorgan, while Nvidia"s upcoming earnings are anticipated to significantly impact global markets. EFG International"s CEO projected a strong 2024 despite missing client money expectations.
SGS SA, the world"s largest industrial testing firm, aims to accelerate growth through acquisitions, with CEO Geraldine Picaud projecting revenue growth of up to 9% by 2027. The Geneva-based company also targets organic sales growth of 5%-7% annually.
The Swiss stock exchange closed lower, with the SMI down 0.70% at 8206.20 points, following concerns over potential U.S. interest rate hikes. Major banks like UBS and Credit Suisse faced significant losses, while defensive stocks like Nestlé and Novartis attempted to mitigate the downturn. Market experts anticipate a turbulent period ahead after recent volatility in U.S. markets.
The Swiss stock exchange experienced a downward trend, with the SMI index closing at 8056.71 points, down 0.35%. Banking stocks faced pressure due to uncertainties surrounding Brexit and low interest rates, while defensive heavyweights like Novartis and Nestlé showed slight gains. In the broader market, Sulzer surged 11.47% following its acquisition of Geka, while EFG International struggled, dropping 6.30%.
SGS SA
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
analysts update recommendations and price targets for key european stocks
British Pound Sterling
Danish Krone
Swiss Franc
Euro
United States Dollar
Ørsted A/S
JD Sports Fashion Plc
Axon Partners Group, S.A.
Teleperformance SE
Assystem S.A.
OVH Groupe
Transgene SA
Just Eat Takeaway.com N.V.
Swiss Re AG
Edenred SE
HelloFresh SE
La Francaise des Jeux SA
Vivendi SE
UBS Group AG
Orange S.A.
Bureau Veritas SA
Geberit AG
BELIMO Holding AG
Watches of Switzerland Group PLC
JCDecaux SE
Michelin
Adecco Group AG
Air France-KLM
argenx SE
SGS SA
Cargotec Oyj
Deliveroo plc
Gecina
Eurofins Scientific S.E. A
Bufab AB
Delivery Hero SE
bioMérieux
Sika AG
FRA
DEU
CHE
GBR
DNK
USA
SWE
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08:48 15.01.2025
us inflation data awaited as currency markets show little movement
08:07 15.01.2025
Swiss Stock Market Set to Open Lower Ahead of Fed Decision and Inflation Data
British Pound Sterling
United States Dollar
Swiss Franc
Hoffmann-La Roche AG
Novartis AG
Cembra Money Bank AG
SGS SA
Nestlé S.A.
CHE
Jean-Daniel Dätwyler
Ipek Ozkardeskaya
Jerome Powell
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08:46 18.12.2024
Women Rise in Corporate Finance but CEOs Remain Scarce in Switzerland
Zurich Insurance Group AG
Nestlé S.A.
SGS SA
Berner Kantonalbank AG
CHE
Marta Vlatchkova
Magdalena Martullo-Blocher
Géraldine Picaud
Beatrice Kern
Claudia Cordioli
Anna Manz
Ricarda Demarmels
Suzanne Thoma
Hanneke Faber
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15:50 11.12.2024
ZKB Highlights SGS as Top Equity Pick with 20 Percent Price Potential
11:09 10.12.2024
Swiss stock exchange opens higher amid mixed global market signals
United States Dollar
Baloise
EFG International AG
JPMorgan Chase & Co.
Lonza Group AG
SGS SA
Holcim AG
Kühne+Nagel
CHE
Show more
09:02 20.11.2024
Swiss stock market rebounds as Nvidia earnings loom amid geopolitical tensions
United States Dollar
EFG International AG
NVIDIA Corporation
SGS SA
Holcim AG
Sonova Holding AG
USA
Deutsche Bank
JPMorgan
Julius Bär
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07:04 20.11.2024
SGS plans growth through acquisitions targeting 9 percent revenue increase by 2027
18:34 19.11.2024
swiss stock exchange declines as investors react to us interest rate concerns
Swiss Franc
Richemont DNS Inc.
Swisscom AG
Julius Bär Stiftung
Novartis AG
Actelion Ltd.
Hoffmann-La Roche AG
Swiss Life Holding AG
Swatch AG
ADIENNE SA
Credit Suisse Anlagestiftung
Swiss Re AG
Zurich Insurance Group AG
SGS SA
ABB Ltd
Geberit AG
UBS AG
Syngenta AVC SA
Kudelski SA
LafargeHolcim Ltd.
Nestlé S.A.
Adecco Group AG
Givaudan SA
CHE
Eric Rosengren
Neel Kashkari
Dennis Lockhart
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17:32 15.11.2024
Swiss stock exchange declines as banking and cyclical stocks face pressure
Swiss Franc
Syngenta AVC SA
Julius Bär Stiftung
Swatch AG
gategroup GmbH
Actelion Ltd.
Nestlé S.A.
Sulzer Ltd
Richemont DNS Inc.
ABB Ltd
SGS SA
BSI Group AG
Novartis AG
Credit Suisse Anlagestiftung
Adecco Group AG
Hoffmann-La Roche AG
LafargeHolcim Ltd.
Swiss Life AG
Givaudan SA
Geberit AG
Swiss Re AG
UBS AG
Swisscom AG
EFG International AG
Zurich Insurance Group AG
CHE
Joe Biden
Tidjane Thiam
Show more
18:59 09.11.2024
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