Swatch: still a buyer, Invest Securities raises target price
(CercleFinance.com) - Invest Securities maintains its buy rating on the Swiss stock Swatch, with analysts mentioning that the group has a cyclical reversal to be confirmed.
Alongside this positive stance, they have raised their target price from 410 Swiss francs to 460 Swiss francs (+12.2%).
According to the Parisian analysts, the Swiss watchmaker is well on track in a cyclical recovery in which it is the best-positioned player to capitalise on effects, in terms of profitable growth.
Invest Securities also adds that the remarkable balance in the distribution of its sales, by product categories (prices and materials) and its over-exposure to markets that are reporting the best growth (Greater China) give it a competitive advantage that its control of the entire value chain should further strengthen, including by limiting the risk of under-capacity and bottlenecks.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Alongside this positive stance, they have raised their target price from 410 Swiss francs to 460 Swiss francs (+12.2%).
According to the Parisian analysts, the Swiss watchmaker is well on track in a cyclical recovery in which it is the best-positioned player to capitalise on effects, in terms of profitable growth.
Invest Securities also adds that the remarkable balance in the distribution of its sales, by product categories (prices and materials) and its over-exposure to markets that are reporting the best growth (Greater China) give it a competitive advantage that its control of the entire value chain should further strengthen, including by limiting the risk of under-capacity and bottlenecks.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.