Swiss stocks - Factors to watch on Jan 27

ZURICH Jan 27 (Reuters) - Swiss shares are set to fall on Wednesday tracking losses on Wall Street and Asian stock markets.

The Swiss blue-chip index SMI.SSMI was indicated to fall some 42 points to 6,442 points , premarket data provided by bank Clariden Leu showed.CLPRE

The following are some of the main factors expected to affect Swiss stocks on Wednesday:

UBS(UBSN.VX)

The Swiss government needs to resolve the legal impasse which threatens to derail a deal over UBS client data struck with U.S. tax authorities, the bank's chairman Kaspar Villiger was quoted as saying on Wednesday.

Switzerland's cabinet will discuss how to prevent a possible collapse of a deal with the United States to end a damaging tax case against UBS after a court blocked the transfer of one client's data.

For related news, click on [UBSN.VX]

GOTTEX (GFMN.S)

Alternative asset manager Gottex Fund Management Holdings (GFMN.S) said it expects solid inflows into from institutional investors into its hedge funds this year despite assets slipping in the fourth quarter.

For related news, click on [GFMN.S>

COMPANY STATEMENTS [CNR-CH]

* Swiss ReRUKN.VX: The Sanction Commission of SIX Swiss Exchange Ltd has imposed a 50,000 franc fine on Swiss Re [RUKN.VX]

* Huegli (HUE.S) recorded sales totaling 390.4 million francs in financial year 2009 [HUE.S]

* Swiss staffing firm Adecco (ADEN.VX) said on Tuesday a French court rejected its appeal against the decision of the French Competition Council, which had imposed a fine of 34 million euro in February 2009 [ADEN.VX]

* Feintool(FTON.S): Board of Directors reconstituted [FTON.S]

ECONOMY [M-CH]

EQUITY RESEARCH [CH-RCH]

* Morgan Stanley cuts UBS AG (UBSN.VX) price target to 16 francs from 18 francs ; rating equal-weight [UBSN.VX]

* Morgan Stanley cuts Credit Suisse (CSGN.VX) price target to 72 francs from 74 francs; rating overweight [CSGN.VX]

* UBS raises Novartis(NOVN.VX) price target to 68 francs from 65 francs; keeps buy rating [NOVN.VX]

* UBS raises Aryzta (ARYN.S) price target to 53 francs from 49 francs; keeps buy rating [ARYN.S]

FOR COMPANIES TRADING EX-DIVIDEND, PLEASE CLICK ON:

.EX.S for all Swiss stocks

.EXSMI.S for blue chips

.EXNSMI.S for other stocks