Swatch: share price falls as analyst downgrades rating

(CercleFinance.com) - The share price ended the day down nearly 3%, penalized by a downgrade from Jefferies.


The analyst firm downgraded its position on Swatch from "hold" to "underperform", with a price target lowered by 29% to 120 Swiss francs, pointing to a "turbulent autumn for luxury goods", with sector forecasts lowered over the past month.

For its part, the broker reduced its EBIT 2025 assumptions for the sector to levels more than 5% below recently updated estimates (and more than 7% below published consensus).

With regard to Swatch more specifically, Jefferies points to excessive exposure to the mid-range and Chinese segments, as well as projections now 14% below recent consensus.

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