Stocks in Action: Michelin, Adidas, PVA Tepla, Bilfinger, Wienerberger
Reading Time: 5 minutes
Stock 1.) Michelin - Tire manufacturer continues to struggle in a challenging market environment - Jefferies upgrades to Buy with a price target of €43! One of the most important Buy ratings comes on Friday from Jefferies for Michelin. The French tire manufacturer recently suffered in the first quarter due to the ongoing challenging market environment, experiencing a sales decline of 7.8%. However, thanks to price increases and an improved product mix, Michelin was able to cushion the sales decline, with revenue dropping by only -1.9%....
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