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Swatch:Invest Securities increases target price to 504francs

( - Invest Securities, the Parisian analyst firm, welcomes the record half-yearly figures from Swiss watchmaker Swatch.

Remaining on 'Buy' for the bearer share (the one that forms part of the Zurich SMI index), the specialists have increased their target price from 460 to 504 Swiss francs.

“The quality of an industrial model characterised by maximum verticalisation, and a remarkable balance of its product/brand portfolio, make for growing market penetration in the cyclical upswing of the previously hard-hit Swiss watch industries”, says a research note.

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