Barclays Capital Upgrades Michelin SCA to Equalweight (ML)
Michelin SCA (EPA: ML) was upgraded by investment analysts at Barclays Capital to an “equalweight” rating in a note issued to investors on Monday. The firm currently has a $92.21 (€71) target price on the stock.
Michelin SCA traded up 1.34% on Monday, hitting €64.92. Michelin SCA has a 1-year low of €40.61 and a 1-year high of €66.09. The company has a market cap of €11.815 billion and a price-to-earnings ratio of 7.00.
A number of other firms have also recently commented on ML. Analysts at Societe Generale reiterated a “buy” rating on shares of Michelin SCA in a research note to investors on Tuesday, October 23rd. They now have a $94.81 price target on the stock. Separately, analysts at Oddo & Cie reiterated a “buy” rating on shares of Michelin SCA in a research note to investors on Monday, October 22nd. They now have a $101.30 price target on the stock. Finally, analysts at AlphaValue reiterated an “add” rating on shares of Michelin SCA in a research note to investors on Thursday, October 18th. They now have a $87.50 price target on the stock.
Compagnie Generale des Etablissements Michelin SCA (Michelin SCA) is a France-based company, which is mainly engaged in the manufacture and distribution of tires for a variety of vehicles.
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