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| Broker | Analyst | Recommendation | Price Target |
|---|---|---|---|
| Alpha Value | Martin Schnee | Reduce | CHF 530.00 |
| Bank Vontobel | Sibylle Bischofberger | Buy | CHF 580.00 |
| Bank of America | Charlie Haywood | Buy | CHF 590.00 |
| Barclays | Charles Pitman | Overweight | CHF 640.00 |
| Berenberg Bank | Sebastian Bray | Buy | CHF 475.00 |
| Bernstein SG | Justin Smith | Buy | CHF 635.00 |
| CLSA | Michael Luo | Buy | CHF 621.00 |
| Citigroup | Vineet Agrawal | Buy | CHF 515.00 |
| Deutsche Bank | Falko Friedrichs | Buy | CHF 614.00 |
| Equita | Massimo Bonisoli | Buy | CHF 560.00 |
| Exane BNP Paribas | Gary Steventon | Outperform | CHF 600.00 |
| HSBC | Yifeng Liu | Buy | CHF 610.00 |
| J.P. Morgan Cazenove | Richard Vosser | Overweight | CHF 600.00 |
| Jefferies | James Vane-Tempest | Buy | CHF 647.00 |
| Kepler Cheuvreux | Christopher Richardson | Buy | CHF 600.00 |
| KeyBanc Capital Markets | Paul Knight | Overweight | CHF 450.00 |
| Mirabaud Securities | Anja Pomrehn | Buy | CHF 580.00 |
| Morgan Stanley | Thibault Boutherin | Overweight | CHF 600.00 |
| Morningstar | Rachel Elfman | Buy | CHF - |
| New Street Research | Naresh Chouhan | Buy | CHF 610.00 |
| Octavian | Laura Pfeiffer-Rossi | Buy | CHF 600.00 |
| Oddo BHF | Stephan Wulf | Outperform | CHF 535.00 |
| RBC Capital Markets | Charles Weston | Marketperform | CHF 515.00 |
| Stifel | Daniel Jelovcan | Hold | CHF 375.00 |
| UBS | Patrick Rafaisz | Buy | CHF 580.00 |
| William Blair | Max Smock | Outperform | CHF - |
| ZKB Zürcher Kantonalbank | Philipp Gamper | Outperform | CHF - |
This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.