An Uptick for Swatch on Tiffany Deal
Swatch Group (UHR.DE) shares rose as much as 5.5% Dec. 6 after the watchmaker unveiled an alliance with Tiffany (TIF) the day before. Citibank (C) upgraded Swatch to "buy," noting "it has gradually become a significant luxury player, not the mass-market consumer company some view it as. We believe it is an attractive, long-term growth story."
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