While lowering its target from €90 to €85, Barclays reaffirms its 'Overweight' recommendation on Continental, judging that 'management has been walking the talk for two quarters now, and continues to deliver a constructive message for the fourth quarter'.

In our opinion, the worst is behind the company in its automotive business, and it is becoming harder to ignore its hidden value potential linked to the demerger, given its still undemanding valuation', the broker judges in the summary of its note.

Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.