Morgan Stanley downgraded Swatch Group (SWGAY) to Underweight from Equal Weight with a price target of CHF 145, down from CHF 175. The company has been losing market share in a volume shrinking watch market, the analyst tells investors in a research note.
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Read More on SWGAY:
- Swatch Group price target lowered to CHF 135 from CHF 145 at Barclays
- Swatch Group price target lowered to CHF 160 from CHF 165 at Berenberg
- Swatch Group downgraded to Underperform from Sector Perform at RBC Capital
- Swatch Group downgraded to Reduce from Hold at Kepler Cheuvreux
- Swatch Group downgraded to Underweight from Neutral at JPMorgan