Morgan Stanley Reiterates €135.00 Price Target for Cie Gnrl des Etblsmnts Michelin SCA (ML)

Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML) has been assigned a €135.00 ($166.67) price target by Morgan Stanley in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 9.85% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Deutsche Bank set a €130.00 ($160.49) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Friday, January 5th. JPMorgan Chase & Co. set a €145.00 ($179.01) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Friday, January 5th. Goldman Sachs Group set a €152.00 ($187.65) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Thursday, January 4th. UBS Group set a €129.00 ($159.26) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Kepler Capital Markets set a €140.00 ($172.84) target price on shares of Cie Gnrl des Etblsmnts Michelin SCA and gave the company a “buy” rating in a report on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of €132.31 ($163.35).

Shares of Cie Gnrl des Etblsmnts Michelin SCA (EPA ML) opened at €122.90 ($151.73) on Tuesday. The firm has a market cap of $22,060.00 and a P/E ratio of 12.80. Cie Gnrl des Etblsmnts Michelin SCA has a 1-year low of €101.35 ($125.12) and a 1-year high of €130.85 ($161.54).

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About Cie Gnrl des Etblsmnts Michelin SCA

Compagnie Generale des Etablissements Michelin SCA (Michelin SCA) is a France-based company, which is mainly engaged in the manufacture and distribution of tires for a variety of vehicles. In addition, it publishes maps and guides, and offers digital products and services. The Company’s main activity is the production of tires for passenger cars, two-wheeled vehicles, trucks, agricultural equipment and aircraft, among others, which are sold through such distribution divisions as Euromaster in Europe and TCI in the United States.

Analyst Recommendations for Cie Gnrl des Etblsmnts Michelin SCA (EPA:ML)

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