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• September 23, 2024

  UBS lowers Swatch to 'Sell' - target down to 127 francs

  ZURICH (dpa-AFX Analyst) - Swiss bank UBS has downgraded Swatch from "Neutral" to "Sell" and lowered its price target from 178 to 127 francs. After a trip to Asia, analyst Zuzanna Pusz wrote in her commentary published Tuesday that she is even more concerned about the outlook for the luxury sector. The watchmaker must prepare for a prolonged downturn and is in a fragile position. Swatch is the most cyclical stock under their observation./ag/zb

  Publication of the original study: September 23, 2024 / 2:46 PM / GMT

  First distribution of the original study: September 23, 2024 / 2:46 PM / GMT

  Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.