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UBS has increased its price target for Sartorius from 264 to 278 euros following the release of third-quarter figures, maintaining a "Neutral" rating. Analyst Matthew Weston attributed the adjustment to generally higher valuations within the laboratory services industry.
Samih Sawiris is set to develop a new hotel in Andermatt, Switzerland, with construction awarded to Implenia. The hotel will feature 66 rooms, restaurants, a spa, and fitness area, and is designed with ecological methods, including district heating and a photovoltaic system. Construction begins in spring 2025, with completion expected by November 2027.
UBS shares fell 0.1% to CHF 27.99 in early trading, with a low of CHF 27.81 reached during the session. The stock, which peaked at CHF 28.78 in the past year, has seen significant volatility, dropping to CHF 20.88 on October 27, 2023. Analysts anticipate a dividend of USD 0.823 for 2024 and expect earnings of USD 1.65 per share.
Vontobel has reaffirmed its buy recommendation for Logitech, raising the price target from CHF 97 to CHF 98, indicating a 26% upside potential. Analyst Michael Foeth noted the company's solid quarterly performance, highlighting its return to growth, high gross and operating margins, and strong innovative capacity supported by a robust corporate culture.
UBS has maintained a 'Buy' rating for Intesa Sanpaolo, setting a target price of 4.65 euros ahead of the bank's third-quarter results. Analyst Ignacio Cerezo noted that despite recent economic challenges, the bank's shares have performed well, reflecting a defensively positioned outlook that appeals to investors.
The UBS ETF - MSCI World Socially Responsible ETF A is experiencing a downward trend, recently losing 0.47% to EUR 0.72 in STU trading. The ETF peaked at EUR 153.58 but fell to EUR 115.00 on October 28, 2023, marking its lowest level in 52 weeks, with a trading volume of 10,625 shares.
Raiffeisen Switzerland has abolished the Chief Operating Officer role just two years after its introduction, following a critical review of the group"s strategy implementation. Uwe Krakau, who was appointed to lead this initiative, is leaving the cooperative bank as the responsibilities will now be distributed among existing departments to streamline processes. This decision contrasts with CEO Heinz Huber"s commitment to continuity in management.
Geneva-based private banking group CBH has appointed Simon Benhamou as the new CEO, succeeding Philippe Cordonier, who is retiring. Alfonso Liparulo has been named the Head of Private Banking and will join the Executive Board. The Benhamou family retains majority control of the bank, which employs around 300 people and manages client assets totaling 14.3 billion Swiss francs.
An estimated 200 tonnes of gold, valued at nearly CHF15 billion, is privately owned in Switzerland, with 22% of the population holding an average of 101 grams each. Despite a decline in popularity as an investment, 65% view gold as a sensible choice due to its stability. Many owners trust banks for storage, and while emergency sales are common, an increasing number are selling to realize profits amid rising gold prices.

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