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Fastweb drives top-line and the trend expected to continue going forward
Common BUY Fundamental research indicates a 13% upside in the common stock over the next 6-12 months. We
have calculated the target price based on fundamental factors, using a weighted average of target
Stock prices obtained using DCF and comparative valuation methodologies.
Ticker: SCMN.VX
Target price: CHF393.88
Current price: CHF349.50 We reiterate the common stock a BUY with a 6-12 month target price of CHF393.88 per share.
ADR BUY The ADR is expected to increase approximately 39% over the next 6-12 months as the 13%
fundamental upside is augmented by approximately 26 percentage points upside attributable to
anticipated appreciation of the Swiss franc against the US dollar over the same period. We have taken
a 6-12 month investment horizon to value this company as we now expect significant currency impact
Ticker: SCMWY.PK on the ADR over the next 6-12 months1.