Siemens Watchlist

tz-plus logo Stocks in Action: Michelin, BASF, Siemens, Ericsson, and Fresenius.

M. Springman
Reading Time: 4 minutes

Stock 1.) Michelin - Tire manufacturer significantly under pressure after profit forecast cut! The stock of Michelin presents itself weaker on Tuesday. The French industry leader had lowered its annual forecast for adjusted operating profit from >3.4 billion euros to 2.6 to 3.0 billion euros the night before. In addition, a revised adjusted free cash flow of 1.5 to 1.8 billion euros is now anticipated, while a figure of 1.7 billion euros was expected previously. In this context, the weak performance in the North America segment was noted, with...

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