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.
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