JP Morgan analysts begin Michelin coverage with ‘Overweight’

Paris – Equity analyst JP Morgan has begun following Michelin and its initial rating is that the shares are ‘Overweight’

Opening its research report with the phrase, ‘No more Mr Nice Guy”, JP Morgan said it believes the recent rally in Michelin’s share price reflects better truck volume and rubber prices, but not the upcoming structural cost base improvement.


This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with