Morgan Stanley analyst Javier Martinez de Olcoz Cerdan downgraded Continental AG (CTTAY) to Equal Weight from Overweight with a EUR 77.40 price target The firm cites the stock’s high valuation multiples and balanced risk/reward following last year’s outperformance relative to peers for the downgrade.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTTAY: