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Michelin: Oddo BHF a buyer - raises target price

( - On Tuesday morning, an Oddo BHF analyst confirmed a "Buy" recommendation on the Michelin stock, while raising his corresponding target price.

The broker has therefore raised its target price from 105 euros to 110 euros, after what it calls "solid" results and a cautious guidance... which is often the case.

Over the year, the guidance should not lead to any revisions of the consensus and must, in our opinion, be considered as a floor in the face of a volume environment that remains very uncertain, the broker explained.

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