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Swatch Group AG (SWGAY) [hlAlert]

Rating:
Buy SWGAY
3 Months Gains
down 41.12 %

Swatch Group AG (SWGAY) upgraded to Buy by Berenberg

Posted on: Monday,  Dec 16, 2013  8:25 AM ET by Berenberg

Swatch Group AG
(OTCBB: SWGAY) upgraded to Buy by Berenberg.

The Swatch Group Ltd. engages in the design, manufacture, and distribution of finished watches, jewelry, and watch movements and components in Switzerland and internationally. It also supplies movements and components for the production of mechanical and quartz watches to the watch making industry. Its components comprise movements, hands, crowns, cases, screws, pallets, escapements, electronic circuits, batteries, ceramics, and sapphire products. In addition, the company engages in the manufacture and sale of electronic systems; development of microelectronics and micromechanics; field of telecommunications, automobile, and service sectors; and provision of sports timing and measurement technologies. The Swatch Group Ltd. offers its products under the Breguet, Blancpain, Glashutte-Original, Jaquet Droz, Leon Hatot, Omega, Tiffany & Co., Longines, Rado, Union Glashutte, Tissot, ck Calvin Klein, Balmain, Certina, Mido, Hamilton, Swatch, Flik Flak, Endura, and Tourbillon brands. The company sells its products through its distribution network, and a network of boutiques and retailers. The Swatch Group Ltd. is headquartered in Biel, Switzerland.

Berenberg
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/16/2013 8:25 AM Buy
None
32.44
as of 8/27/2015
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/21/2013 9:25 AM Hold
None
26.23

(*) Stock Price at the time of the recommendation.
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