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Swatch Group downgraded to Underperform from Sector Perform at RBC Capital
The Fly

Swatch Group downgraded to Underperform from Sector Perform at RBC Capital

RBC Capital analyst Piral Dadhania downgraded Swatch Group (SWGAY) to Underperform from Sector Perform with a price target of CHF 140, down from CHF 150. The firm cites the company’s structural and cyclical challenges for the downgrade. It sees another difficult year for Swatch.

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