Continental

DZ Bank raises the fair share value for Continental from 79 to 86 euros and keeps the rating at buy. The sale of ContiTech was fixed at a higher company valuation than expected, and a large portion of the cash inflow is to be distributed to shareholders. The transformation into a pure tire manufacturer is on the home stretch, and the remaining core business showed a marked improvement in operating margin in the second quarter. » Więcej na finanzen.net

JPMorgan analyst Jose Asumendi reaffirmed an "overweight" recommendation for Continental, triggering gains in the stock. He points to increased demand for passenger-car replacement tires in China and truck replacement tires in Europe, falling import shares from China due to tariffs, and a relaxation in oil- and rubber-based raw material costs. Continental also benefits from solid profitability, a price-advantaged product portfolio and improving exchange rates. » Więcej na finanzen.net

JPMorgan reaffirmed its recommendation for Continental, triggering share gains of around 1.9 percent in Frankfurt. The bank pointed to stronger demand for passenger-car replacement tyres in China and a robust truck replacement-tyre business in Europe, as well as initial easing in oil-based derivatives and rubber prices. Additional support comes from EU import duties on tyres from China that have been in effect since July, which have significantly reduced China's import share. » Więcej na finanzen.net