Swatch: in the red with analysts' comments

(CercleFinance.com) - Swatch Group loses 1% in Zurich on the back of unfavorable comments from Oddo BHF, which reiterates its 'underperform' opinion with a price target reduced from 167 to 146 Swiss francs, judging that 'the expected recovery may be slow to materialize'.


The persistence of very unfavorable trends in Greater China (one third of Group sales in 2023) leads us to radically revise our forecasts (nearly -25% on average for EBIT 2024-2026)", explains the analyst in charge of the Swiss watchmaker.

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