0726 GMT - Swiss SGS shares might not fully recover on Monday as merger talks with Bureau Veritas end, Bernstein analysts Will Kirkness and Filippo Giardini say in a research note. "While SGS shares are down 8% since the news broke and should make up some of that ground, investors discussions about this scenario suggest they may not fully recover today," the analysts say. Furthermore, the surprising nature of the merger between the companies suggests a degree of uncertainty, which could also limit the shares recovering fully, they say. This year could be a key year in Swiss testing, inspection and certification company's 2027 strategy and could show strong development around margin, Bernstein says. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
January 27, 2025 02:27 ET (07:27 GMT)
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