The Swatch Group (OTCMKTS:SWGAY) Upgraded to “Equal Weight” by Morgan Stanley

Morgan Stanley upgraded shares of The Swatch Group (OTCMKTS:SWGAYGet Rating) from an underweight rating to an equal weight rating in a research report released on Tuesday, The Fly reports.

SWGAY has been the subject of several other reports. Credit Suisse Group lowered shares of The Swatch Group from an outperform rating to an underperform rating in a report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price target on The Swatch Group from CHF 350 to CHF 340 and set a buy rating for the company in a research report on Wednesday, January 11th. Royal Bank of Canada upgraded shares of The Swatch Group from an underperform rating to a sector perform rating in a research report on Tuesday, January 10th. Finally, Grupo Santander initiated coverage on The Swatch Group in a research note on Wednesday, November 16th. They set a neutral rating for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $290.80.

The Swatch Group Trading Up 4.7 %

Shares of SWGAY opened at $17.40 on Tuesday. The Swatch Group has a fifty-two week low of $10.80 and a fifty-two week high of $17.51. The stock has a fifty day moving average of $14.30 and a two-hundred day moving average of $12.84.

The Swatch Group Company Profile

(Get Rating)

The Swatch Group AG designs, manufactures, and sells finished watches, jewelry, and watch movements and components worldwide. It operates through Watches & Jewelry and Electronic Systems segments. The Watches & Jewelry segment designs, produces, and commercializes watches and jewelry. The Electronic Systems segment is involved in the design, production, and commercialization of electronic components, as well as sports timing activities.

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Analyst Recommendations for The Swatch Group (OTCMKTS:SWGAY)

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