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UBS has maintained its "Buy" rating for Michelin, setting a price target of 40 euros. Analyst David Lesne noted that the tire manufacturer is expected to have shown positive operating performance in February, according to recent market data.
UBS has maintained a 'Buy' rating for Michelin, setting a target price of 40 euros following the tire manufacturer's annual results, which met consensus estimates. Analyst David Lesne provided this assessment in an initial reaction to the financial performance.
UBS has maintained its "Buy" rating for Michelin, setting a target price of 40 euros following the tire manufacturer's annual results, which met consensus estimates. Analyst David Lesne noted that the key figures were largely in line with expectations.
UBS has maintained a 'Buy' rating for Michelin, setting a target price of 40 euros following the tire manufacturer's annual results, which met consensus estimates. Analyst David Lesne provided this assessment in an initial reaction to the financial performance.
UBS maintains a Buy recommendation for Michelin, with a target price of €40, indicating a potential 19% upside. While cautious revisions for 2025 are anticipated, the firm highlights opportunities for improved performance in the following years. The 2024 guidance has been adjusted to an operating profit of around €3.4 billion and free cash flow exceeding €1.7 billion.
UBS maintains a Buy recommendation for Michelin, with a target price of €40, indicating a potential 19% upside. While cautious revisions for 2025 are expected, the analyst believes there are opportunities for improved performance in the following years. The 2024 guidance has been adjusted, projecting operating income of around €3.4 billion and free cash flow exceeding €1.7 billion.
UBS maintains a Buy recommendation for Michelin, with a target price of €40, indicating a potential 19% upside. While cautious revisions for 2025 are expected, the firm anticipates stronger performance in subsequent years. The 2024 guidance has been adjusted, projecting segment operating profit of around €3.4 billion and free cash flow exceeding €1.7 billion.
UBS has reiterated its recommendation for Michelin ahead of the company's earnings results. BOURSORAMA, acting solely as a distribution channel, emphasizes that the analysis is provided "as is" without any warranties, and the opinions expressed are those of the authors. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
Analysts have updated their recommendations for several companies, with notable changes including Accor's price target raised to EUR 54 and Legrand upgraded to buy with a target of EUR 125. UBS Group was downgraded to underperform, while Renault's target increased to EUR 68. Other adjustments include Michelin and Ipsen, both seeing target revisions.
UBS has maintained its 'buy' recommendation for Michelin, setting a target price of €40, which suggests a potential 26% upside for the stock. The company is projected to have a 2024 P/E ratio of around 10 times and a yield nearing 5%, with attention focused on the 2025 targets.
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ubs maintains buy rating for michelin with 40 euro price target
14:24 19.03.2025
ubs maintains buy rating for michelin with target price of 40 euros
21:53 12.02.2025
ubs maintains buy rating for michelin with target price of 40 euros
21:53 12.02.2025
ubs maintains buy rating for michelin with target price of 40 euros
21:40 12.02.2025
ubs maintains buy rating on michelin with potential upside ahead
10:36 31.01.2025
ubs maintains buy rating on michelin ahead of earnings report
10:36 31.01.2025
ubs maintains buy rating on michelin ahead of earnings report
10:32 31.01.2025
ubs maintains positive outlook on michelin ahead of earnings report
10:32 31.01.2025
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08:38 21.01.2025
ubs maintains buy rating on michelin with target price of 40 euros
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