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Sunrise shares are facing pressure despite optimistic dividend expectations and buy recommendations. Analysts from Kepler Cheuvreux express concerns over the company's high debt and limited growth prospects, while Barclays maintains an "Underweight" rating with a price target of CHF 36 per share.
The SMI index is down, driven by declines in Lonza and Roche, while Sunrise attracts attention. The dollar weakens against the franc amid reduced expectations for interest rate cuts, following comments from Fed Chairman Jerome Powell. Market jitters also stem from Robert Kennedy Jr.'s appointment as Secretary of Health and Human Services and a disappointing outlook from Applied Materials affecting tech investors.
Sunrise is set to return to the Swiss stock exchange on November 15, aiming for a high dividend payout while managing a significant debt load. CEO André Krause emphasizes the company's growth potential and competitive edge over Swisscom, despite challenges in a stagnating market. Liberty Global's influence remains a point of contention, but Sunrise plans to utilize strong free cash flow for dividends and debt reduction.
Sunrise One Ltd.
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sunrise shares face pressure amid cautious outlook from analysts
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06:14 15.11.2024
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