UBS AG Reiterates “€129.00” Price Target for Compagnie Générale des Établissements Michelin (ML)

UBS AG set a €129.00 ($150.00) price target on Compagnie Générale des Établissements Michelin (EPA:ML) in a research report released on Thursday morning, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Goldman Sachs Group, Inc. (The) set a €137.00 ($159.30) price target on Compagnie Générale des Établissements Michelin and gave the stock a buy rating in a report on Tuesday, August 22nd. Jefferies Group LLC set a €145.00 ($168.60) price target on Compagnie Générale des Établissements Michelin and gave the stock a buy rating in a report on Thursday, November 2nd. Oddo Bhf set a €140.00 ($162.79) price target on Compagnie Générale des Établissements Michelin and gave the stock a buy rating in a report on Monday, August 28th. Morgan Stanley set a €125.00 ($145.35) price target on Compagnie Générale des Établissements Michelin and gave the stock a buy rating in a report on Monday, October 9th. Finally, J P Morgan Chase & Co set a €145.00 ($168.60) price target on Compagnie Générale des Établissements Michelin and gave the stock a buy rating in a report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Compagnie Générale des Établissements Michelin currently has an average rating of Hold and an average price target of €124.19 ($144.40).

Shares of Compagnie Générale des Établissements Michelin (EPA:ML) opened at €117.45 ($136.57) on Thursday. Compagnie Générale des Établissements Michelin has a 52-week low of €95.93 ($111.55) and a 52-week high of €128.40 ($149.30).

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Compagnie Générale des Établissements Michelin Company Profile

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. In addition, it publishes maps and guides, and offers digital products and services. The Company’s main activity is the production of tires for passenger cars, two-wheeled vehicles, trucks, agricultural equipment and aircraft, among others, which are sold through such distribution divisions as Euromaster in Europe and TCI in the United States.

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