| Friday | ||||
JPMorgan analyst Melanie… JPMorgan analyst Melanie Flouquet lowered the firm's price target on Swatch Group to CHF 215 from CHF 225 and keeps a Neutral rating on the shares. | ||||
| Over a week ago | ||||
UBS analyst Zuzanna Pusz… UBS analyst Zuzanna Pusz lowered the firm's price target on Swatch Group to CHF 143 from CHF 144 and keeps a Sell rating on the shares. | ||||
HSBC analyst Erwan… HSBC analyst Erwan Rambourg lowered the firm's price target on Swatch Group to EUR 245 from EUR 330 and keeps a Buy rating on the shares. The analyst cut his price target on shares in a sector note on Global Luxury titled 'Luxury demand is going swoosh-shaped.' | ||||
| Over a month ago | ||||
Goldman Sachs analyst… Goldman Sachs analyst Louise Singlehurst lowered the firm's price target on Swatch Group to CHF 232 from CHF 291 and keeps a Neutral rating on the shares. | ||||
Deutsche Bank analyst… Deutsche Bank analyst Francesca DiPasquantonio lowered the firm's price target on Swatch Group to CHF 270 from CHF 278 and keeps a Hold rating on the shares. | ||||
Morgan Stanley analyst… Morgan Stanley analyst Edouard Aubin lowered the firm's price target on Swatch Group to CHF 210 from CHF 260 and keeps an Equal Weight rating on the shares. |
| Over a quarter ago | ||||
Citi analyst Thomas… Citi analyst Thomas Chauvet downgraded Swatch Group to Neutral from Buy with a price target of CHF 270, down from CHF 356. The analyst sees risk to revenue, margin and inventory given the company's exposure to Chinese clients, Asian country's trade tensions with the U.S., coronavirus and the Hong Kong protests. | ||||
Goldman Sachs analyst… Goldman Sachs analyst Louise Singlehurst downgraded Swatch Group to Neutral from Buy with a price target of CHF 307, down from CHF 337, after the company issued a press release stating that provisional measures adopted by the Competition Commission would prohibit Swatch from supplying mechanical movements to third parties in 2020. That news, along with industry export data for November highlighting pressure in Asia. lead the analyst to lower underlying revenue growth forecasts. | ||||
Calvin Klein, a wholly… Calvin Klein, a wholly owned subsidiary of PVH Corp. (PVH), announced it has been evaluating its watch and jewelry license over the past few years as the growth opportunity it sees for the category has not been optimized with the current licensee, Swatch Group (SWAGY). "Calvin Klein and Swatch Group have agreed to end the relationship after 22 years, as both partners believe that they have been unable to achieve the maximum potential in key markets. Calvin Klein is currently evaluating the best possible partner for the future and will announce its partner in due course," the company announced. "We are very optimistic about the potential growth the watch and jewelry category holds for us. We are confident that with the right partner in place we will be able to strengthen this category, as well as our overall lifestyle business," said John Van Glahn, President Licensing, Calvin Klein, Inc. | ||||
DGSE Companies (DGSE)… DGSE Companies (DGSE) announced that it has secured a parts account with The Swatch Group (SWGAY), a Swiss manufacturer of luxury watches. With this account, DGSE expands the scope of its services to include Swatch-Group timepieces and watches with Swiss ETA movements, using 100% genuine factory parts. | ||||