Goldman Sachs Reiterates “Buy” Rating for Michelin (ML)

Michelin (EPA:ML)‘s stock had its “buy” rating reissued by investment analysts at Goldman Sachs in a report released on Thursday.

Several other equities research analysts have also commented on the company. Deutsche Bank set a €150.00 ($178.57) price objective on Michelin and gave the stock a “buy” rating in a research note on Wednesday. Kepler Capital Markets set a €145.00 ($172.62) price objective on Michelin and gave the stock a “buy” rating in a research note on Monday, May 7th. Societe Generale set a €128.00 ($152.38) price objective on Michelin and gave the stock a “neutral” rating in a research note on Wednesday, April 25th. UBS set a €135.00 ($160.71) price objective on Michelin and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Finally, Morgan Stanley set a €129.00 ($153.57) price objective on Michelin and gave the stock a “neutral” rating in a research note on Tuesday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of €135.33 ($161.11).

EPA:ML opened at €126.65 ($150.77) on Thursday. Michelin has a one year low of €106.95 ($127.32) and a one year high of €130.85 ($155.77).

Michelin Company Profile

Compagnie Générale des Établissements Michelin manufactures, distributes, and sells tires worldwide. The company operates through three segments: Passenger Car and Light Truck Tires and Related Distribution; Truck Tires and Related Distribution; and Specialty Businesses. It offers tires for cars, vans, trucks, buses, farm machinery, earthmovers, mining and handling equipment, tramways, metros, aircraft, motorcycles, scooters, and bicycles.

Analyst Recommendations for Michelin (EPA:ML)

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