Report
Andreea Hotaranu
EUR 147.86 For Business Accounts Only

Although the short-term headwinds appear to be worsening, we're confident in Swatch's wide moat.

We will maintain our CHF 460 fair value estimate and our wide moat rating following the release of first-half financial results for Swatch Group. Despite volatile short-term issues ranging from exchange rates to terrorist attacks, we are firm in our belief that Swiss watches will remain desirable and that Swatch’s position in the industry is both unmatched and hard to copy. Although we remain cautious to call the beginning of a turnaround in places such as Hong Kong, and the effects of Nice atta...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andreea Hotaranu

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