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Kepler upgrades Swatch to Buy, sees earnings recovery driving re-rating
Investing.com -- Kepler Cheuvreux upgraded Swatch Group to Buy from Reduce and raised its price target to CHF225 from CHF180, arguing that stronger-than-expected sales momentum, improving profitability and higher earnings estimates leave the Swiss luxury watchmaker well positioned for a valuation re-rating. The brokerage said Swatch's local-currency sales growth has been stronger than expected, supported by the successful …
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🇨🇭 Switzerland
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