Swatch: Invest Securities still a buyer, but cuts target
(CercleFinance.com) - Invest Securities maintains its "buy" rating on the Swatch stock, but has cut its corresponding target price from 460 Swiss francs to 375 Swiss francs, noting that the cyclical recovery in the Swiss watchmaker's share price has fizzled out.
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It underlines that less than a year after reversing its trend, the share has gone and lost all its regained ground and is ultimately very far from its peak (600 euros), while the recovery of margins is part of a virtuous logic.
According to the analyst, this logic should end up associating the stricken activity for which Swatch aims to capitalise on undivided domination... of course, assuming that there is no reversal in the watchmaking cycle.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
..
It underlines that less than a year after reversing its trend, the share has gone and lost all its regained ground and is ultimately very far from its peak (600 euros), while the recovery of margins is part of a virtuous logic.
According to the analyst, this logic should end up associating the stricken activity for which Swatch aims to capitalise on undivided domination... of course, assuming that there is no reversal in the watchmaking cycle.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.