Continental: Barclays cuts target price

(CercleFinance.com) - While lowering its target from E90 to E85, Barclays maintains its 'Overweight' recommendation on Continental shares, judging that management has been walking the talk for two quarters now, and continues to deliver a constructive message for Q4.


In our opinion, the worst is behind the company in its automotive business, and it is becoming harder to ignore its hidden value potential linked to the demerger, given its still undemanding valuation, the broker summarises.


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