LONDON (dpa-AFX) - The US bank Citigroup has upgraded Continental from "Neutral" to "Buy" after an in-depth analysis of the Auto-Tech division. Analyst Sanjay Bhagwani raised the price target from 75 to 87 euros in the study published on Tuesday. The expert is up to 30 percent above the market consensus for the adjusted operating result of this division for 2024 and 2025. It is possible that further values could also be scooped up by means of a spin-off, but this is not his base scenario./ag/ajx

Publication of the original study: 14.11.2023 / n.d. / n.d.

First dissemination of the original study: 14.11.2023 / 00:00 / ET