- (PLX AI) - Swatch shares are inexpensive, analysts at Bank of America said, double-upgrading their recommendation to buy from underperform.
- • Price target raised to CHF 335 from CHF 275
- • Previously, BofA had an underperform rating on Swatch since 2013
- • Swatch has improved pricing power and a lower drag from mid- and low-end watches, BofA said
- • Watch industry growth is set to benefit from larger price increases than in the past, the analysts forecast
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