Continental AG assumed at Buy from Hold at Jefferies

Jefferies analyst Michael Aspinall upgraded Continental AG to Buy from Hold with a price target of EUR 73, up from EUR 72, as the analyst assumed coverage of six EU stocks across trucks and tires. Tire stock valuations have diverged year-to-date in a year less impacted by price/raw materials and with the guidance catalyst now passed the firm expects the focus in the group will shift back to valuation, the analyst tells investors.