{
}
The Swiss stock market has started the year strongly, with all SMI stocks rising except for Geberit and Kühne + Nagel International. Richemont led the gains with a nearly 25% increase in year-to-date performance, driven by robust jewelry sales, while UBS benefited from positive results from US banks.Technically, the SMI is testing last year's high of 12,500 points, with potential to reach its 2021 record of 13,000 points in the coming months, contingent on global economic acceleration. A pullback below the 200-session moving average at 11,950 points would invalidate this bullish outlook.
UBS has revised its ratings and target prices for several European luxury stocks. Salvatore Ferragamo's recommendation was upgraded to "Neutral," while Brunello Cucinelli's target price increased to €108. Moncler's target price was cut to €50. Hugo Boss received a "Buy" upgrade with a target price of €49, while Hermes' target price decreased to €2,475. In contrast, Burberry's target price rose to 1,000p, Richemont to CHF 150, Kering to €228, LVMH to €648, and Swatch to CHF 140.
Blanche Richemont
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Swiss stock market poised for growth with Richemont leading the charge
Euro
Geberit AG
RICHEMONT, Intellectual Property Services
Kühne + Nagel International AG
CHE
Henri Cartier-Bresson
Blanche Richemont
Show more
07:43 28.01.2025
ubs revises luxury stock ratings with target price adjustments
British Pound Sterling
United States Dollar
Euro
Swiss Franc
RICHEMONT, Intellectual Property Services
Burberry Group plc
Hugo Boss AG
KERING
Brunello Cucinelli S.p.A.
Salvatore Ferragamo S.p.A.
Moncler S.p.A.
Blanche Richemont
Salvatore Ferragamo
Thomas Burberry
Hugo Boss
Brunello Cucinelli
Show more
12:02 03.12.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Supply Chain Management
Retail and Consumer Goods
Global Trade Developments
Private Equity Deals
Industry Mergers & Acquisitions
Government Economic Policies
CEO Changes
Workplace Trends
Stock Market Updates
Corporate Social Responsibility
Emerging Startups
Funding Rounds & Investments
Consumer Protection Regulations
Fintech Startups
Energy Sector Developments
AI Innovations
Global Trade Policies
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
JD.com, Inc.
Tesla, Inc.
Toyota Motor Corp
Honda Motor Co., Ltd.
Microsoft Corporation
The Goldman Sachs Group, Inc.
Samsung Securities Co.,Ltd.
Meituan
XIAOMI-W
Tesmec S.p.A.
TENCENT
Emirates NBD Bank PJSC
Boeing Co
Foxconn Technology Co., Ltd.
HP Inc.
KiloEx USD
Currencies:
United States Dollar
Chinese Yuan
Indian Rupee
Euro
Japanese Yen
British Pound Sterling
Offshore Chinese Yuan
Indonesian Rupiah
Vietnamese Đồng
South Korean Won
Nigerian Naira
Nicaraguan Córdoba
New Taiwan Dollar
Qatari Riyal
Mexican Peso
Pakistani Rupee
Saudi Riyal
Malaysian Ringgit
Singapore Dollar
Macanese Pataca
People:
Donald Trump
Tim Cook
Mark Zuckerberg
Haider Ali Khan
Xi Jinping
Jensen Huang
Piyush Anchliya
Stiven Muccioli
Tamim bin Hamad Al Thani
Pandu Sjahrir
Prabowo Subianto
Changpeng Zhao
Prashant Joshi
Amal El Fallah Seghrouchni
He Xiaopeng
Abdel Fattah El-Sisi
Howard Lutnick
Han-wei Lu
Scott Bessent
Pham Minh Chinh