Accueil > Actualité
Actualite financiere : Actualite bourse

Continental: Stifel still a buyer, trims target price

(CercleFinance.com) - Stifel reiterates its "buy" rating on Continental shares, while trimming its target price for them from 95 euros to 91 euros, after reducing its estimates for the German group's tyre business.


In view of the latest quarterly figures, the broker nevertheless believes that the margin of the automotive technology business "could inflect in 3Q22 and be in positive territory for the first time after five consecutive quarters".

Due to the market's pessimism regarding this business, "Coupled with a valuation that effectively reflects only CON's Tires business and offers an option on its Auto business for free", Stifel says it sees an attractive entry point for the stock.


Copyright (c) 2022 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.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.