Citi raised the firm’s price target on Continental AG (CTTAY) to EUR 86 from EUR 75 and keeps a Buy rating on the shares. The firm said that if luxury vinyl plank remains stable and automotive margins improve post-restructuring, value should be unlocked through the Automotive spinoff. The firm added that, with the range of outcomes very wide, it prefers tire names in 2025 where free cash flow, cash returns, and tariff risks are appreciably lower.
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Read More on CTTAY:
- 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
- Continental AG price target lowered to EUR 85 from EUR 100 at JPMorgan
- Continental AG price target raised to EUR 75 from EUR 70 at Deutsche Bank
- Continental AG Reports Mixed 2024 Financial Results
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