Michelin: UBS still a buyer pending outlook

(CercleFinance.com) - UBS has confirmed its 'buy' recommendation on Michelin shares, with a target price maintained at E40, representing 26% upside potential for the French tyre maker's stock, with all eyes are on the 2025 targets.


In its summary, the broker says that it expects a cautious tone for 2025 (and no further share buybacks) at the start of the year, but believes that there are multiple levers to achieve a better performance thereafter.


Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.