Continental: UBS raises target price

(CercleFinance.com) - UBS reiterates its "buy" rating on Continental shares, having increased its target price for them from 154 euros to 160 euros, which represents upside potential of 24% for the German automotive supplier's stock.


"We go through key pushbacks since our upgrade to Buy and reaffirm our positive view mostly due to strong earnings momentum ahead," the broker says, which therefore sees "momentum at an inflection point".


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