Swatch

The EuroStoxx 50 continued its downward trend, closing 0.35% lower at 6,422.06 points, weighed down by rising bond yields and higher oil prices. The SMI limited losses after a report on a free-trade agreement between Switzerland and China, which supported export names such as Swatch, up 1.3%. Energy stocks like Eni and BP benefited from higher oil prices, while retailers such as JD Sports fell sharply after sales warnings. Michelin rose following an upgrade by JPMorgan. » More on finanzen.net

Swatch missed profit targets for the half-year, operating profit fell sharply and the stock has lost momentum in recent months, leading analysts to classify the title as a speculative bet. Bank of America experts distinguish in the luxury market between weaker "soft luxury" names and resilient "hard luxury"; watches and jewelry are seeing sales increases. Richemont is benefiting strongly from demand for watches and jewelry, such as Cartier, and is considered less cyclical due to its diversified business; breaching the CHF 200 mark could signal further upside potential. » More on handelsblatt.com

Kepler Cheuvreux upgrades Swatch from "reduce" to "buy" and raises its target price from 180 CHF to 225 CHF. Analysts cite unexpectedly strong currency-adjusted sales growth, the successful Royal Pop launch, higher price points at Omega and rising demand for Breguet as drivers. Kepler sees continued profitability improvement through 2027, has increased EPS estimates for 2027–28 by about 11% and expects room for further upside revisions. Risks such as a strong franc, US tariff uncertainty and high gold prices are expected by the bank to ease, making a revaluation of the stock possible. » More on de.investing.com