April 11, 2019 / 4:39 AM / 4 months ago

Swiss stocks - Factors to watch on April 11

ZURICH/BERLIN, April 11 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1 percent lower at 9,544 points on Thursday, according to premarket indications by bank Julius Baer .

Here are some of the main factors that may affect Swiss stocks:

NESTLE

Holds annual general meeting

BARRY CALLEBAUT

Sales volume growth accelerated to 3.1 percent in the three months to Feb. 28, helping first-half net profit grow 15.1 percent to 199.1 million Swiss francs ($198.7 million) versus 197 million francs expected in an Infront Data poll

“We have good visibility in our portfolio and expect a further acceleration in sales momentum. This makes us confident we can deliver on our current mid-term guidance,” Chief Executive Antoine de Saint-Affrique said.

Shares indicated up 2.2 percent

COMPANY STATEMENTS

* Novartis AG: Sandoz strikes agreement with Shionogi to commercialize Rizmoic (naldemedine) for opioid-induced constipation in Germany, UK and Netherlands, plus right of first refusal for certain other European markets

* Romande Energie Holding SA: FY net result of CHF 54 million, down compared to 2017

* Edisun Power Europe said it almost doubled its net profit last year to 3.04 million Swiss francs.

* Flughafen Zuerich said passenger numbers at Zurich airport rose by 1.2 percent in March.

* Poenina Holding AG: FY EBIT at CHF 10.1 million, up 16 percent yoy; profit at CHF 7.8 million, up 8 percent

* Basilea shareholders approved all proposals of the board of directors at its annual general meeting.

RESEARCH

ALCON AG: SOCGEN STARTS COVERAGE WITH BUY RATING; SFR 67 PRICE TARGET

NESTLE SA: MORGAN STANLEY RAISES TARGET PRICE TO SFR 105 FROM SFR 104

CREDIT SUISSE GROUP AG: DEUTSCHE BANK CUTS TARGET PRICE TO SFR 16 FROM SFR 18

GEORG FISCHER AG: CREDIT SUISSE RAISES TARGET PRICE TO SFR 1220 FROM SFR 1150

SIKA AG: CREDIT SUISSE RAISES TARGET PRICE TO SFR 165 FROM SFR 161

PANALPINA WELTTRANSPORT HOLDING AG: BARCLAYS RAISES TARGET PRICE TO SFR 205 FROM SFR 130

TEMENOS GROUP AG: DEUTSCHE BANK RAISES TARGET PRICE TO SFR 170 FROM SFR 162

KLINGELNBERG AG: CREDIT SUISSE CUTS TARGET PRICE TO SFR 49 FROM SFR 55

ECONOMY

No major Swiss economic data scheduled.

$1 = 0.8869 euros Reporting by Zurich newsroom and Berlin Speed Desk

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