2020-09-10 06:13:48 SWGAY Swatch Group
09/10/20 09/1006:13 09/10/2006:13 | Swatch Group upgraded to Hold from Sell at Societe GeneraleSociete Generale analyst Thierry Cota upgraded Swatch Group to Hold from Sell with a CHF 217 price target. Cota tells investors in a research note that the downside risk to estimates has lessened. The analyst believes the group should be able to continue to generate a low-teens EBIT margin beginning in 2022, which will be grounded in better cost action than before and the closure of unprofitable stores for low-end brands. |
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