Continental: Invest Securities raises price target
(CercleFinance.com) - Invest Securities renews its 'buy' rating on Continental with a price target upped to 121 from 99 euros, as its previous target was surpassed just this week.
This is a sign of favourable prospects for the third quarter.
According to the analysts, the impending publication, mid-November, of the German tyre manufacturer's third-quarter figures for 2020 should offer reassurance as regards the company's very cautious communication at the time of the second-quarter publication.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.