Michelin has been given a 'buy' recommendation by UBS, with a target price of €40, suggesting a potential growth of 26% for the company's shares.
UBS expects a cautious outlook for 2025 and does not anticipate any share buybacks at the beginning of the year. However, UBS believes there are opportunities for improved performance in the future.
It is important for investors to closely monitor Michelin's objectives for 2025, as they will shape market expectations.