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Swatch: Invest Securities upgrades to 'buy'.

(CercleFinance.com) - In a long report issued on Thursday morning, Invest Securities upgraded its "neutral" rating on the Swatch stock to "buy".

In addition, the broker increased its target price to from 360 Swiss francs to 410 Swiss francs.

The broker points out that a sharp acceleration has been confirmed month after month since June/July.

Since then, it has indeed observed a transformation in a double-digit growth trajectory and a total rebalancing of final demand relative to the intermediate demand of wholesalers, or retailers.

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