Compagnie Générale des Établissements Michelin (MGDDF) Gets a Buy Rating from Merrill Lynch

By Austin Angelo

In a report released yesterday, Kai Muller from Merrill Lynch maintained a Buy rating on Compagnie Générale des Établissements Michelin (MGDDFResearch Report), with a price target of $125. The company’s shares closed last Tuesday at $122.47.

According to TipRanks.com, Muller is a 1-star analyst with an average return of -11.7% and a 25.0% success rate. Muller covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Continental Aktiengesellschaft, and Daimler.

Compagnie Générale des Établissements Michelin has an analyst consensus of Strong Buy, with a price target consensus of $141.49, implying a 15.5% upside from current levels. In a report issued on May 9, Goldman Sachs also upgraded the stock to Buy.

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Compagnie Générale des Établissements Michelin’s market cap is currently $22.03B and has a P/E ratio of 11.16. The company has a Price to Book ratio of 1.59.

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Compagnie Générale des Établissements Michelin SCA engages in the manufacture, distribution and sale of tires. Its products and services include tires, mobility services, lifestyle products, Michelin solutions and Michelin engineering and services.