October 8, 2019 / 4:49 AM / 7 days ago

Swiss stocks - Factors to watch on October 8

ZURICH/BERLIN, Oct 8(Reuters) - The Swiss blue-chip SMI was seen opening unchanged at 9,916 points on Tuesday, according to premarket indications by bank Julius Baer .

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

NOVARTIS

The company said it has received approval from the U.S. Food and Drug Administration for its Beovu drug to treat a cause of vision loss.

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ARYZTA

The frozen baked goods maker said it expects underlying core earnings growth to improve in 2020, as it sees the benefits of the cost-and-debt cutting program kicking in and the North American business stabilising.

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COMPANY STATEMENTS

* Australian graphite explorer Talga Resources Ltd said it had executed an MOU with Switzerland-based battery maker Leclanché Sa and that under the MOU, Leclanché will evaluate the company’s range of Swedish anode products.

* Autoneum said it has appointed Matthias Holzammer as CEO with immediate effect.

ANALYSTS’ VIEWS

* SIKA AG: Jefferies cuts target price to CHF 189.40 from CHF 192

* KUEHNE UND NAGEL INTERNATIONAL: JP Morgan starts with overweight * ABB: Citigroup cuts its target price to 26 Swiss francs from 27 francs previously.

ECONOMY

The Swiss unemployment rate remained steady at 2.1% in September compared to August in non-seasonally adjusted terms, the State Secretariat for Economic Affairs said.

Reporting by Zurich newsroom and Berlin Speed Desk

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