Jefferies downgraded Continental AG (CTTAY) to Hold from Buy with a price target of EUR 80, down from EUR 87. Tires were resilient in Q1 again despite significant macro and tariff volatility, while Goodyear’s (GT) SKU and brand commentary reinforced the firm’s view that complexity and brands are the keys to pricing power, the analyst tells investors. The firm cites relative performance and relative valuations for its ratings changes among European tire makers.
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:
- Continental AG Reports Strong Start to 2025
- CTTAY Earnings this Week: How Will it Perform?
- Continental AG (CTTAY) Announces Q2 Dividend: Read On for Important Dates
- Continental AG price target raised to EUR 86 from EUR 75 at Citi
- Positive Outlook for Continental AG’s Automotive and Tires Divisions Drives Buy Rating