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Continental: Stifel maintains buy rating
(CercleFinance.com) - Stifel maintains its "buy" rating on Continental shares, along with its target price of E88 (cp about E65, +1%), raising its adjusted automotive EBIT estimate for 2023 by around 15%: "we stand c17% ahead of current FY23 VisibleAlpha Auto adj.
EBIT". "CON will show improving earnings on the back of price realization and cost reductions", the broker believes, adding that "sentiment should continue to improve as management delivers on still low expectations". Copyright (c) 2023 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. |
23/05/2025 17:40
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