Jefferies analyst Michael Aspinall upgraded Michelin (MGDDY) to Buy from Hold with a price target of EUR 43, up from EUR 36. 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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGDDY: