ubs maintains buy rating for continental ag with target price of 80 euros

Continental AG, an automotive supplier and tire manufacturer, has been given a 'Buy' rating by UBS with a target price of 80 euros.

Analyst David Lesne has stated that Continental is a preferred investment position due to its significant valuation discount compared to other tire manufacturers. He also emphasized that the company's tire division deserves a valuation premium over competitors like Michelin.

On January 15, 2025, Continental's stock was trading at around 66.16 euros, showing a 2.54% increase from the previous day. The stock has had a range between an annual high of 77.94 euros and a low of 51.02 euros. Trading activity has been observed on various exchanges, with notable increases in Hamburg and Düsseldorf, where the stock rose by 3.77% and 3.40% respectively.

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