Jefferies Upgrades Michelin (MGDDF) to Buy with Increased Price Target | MGDDF Stock News

May 22, 2025

Jefferies analyst Michael Aspinall has upgraded Michelin (MGDDF, Financial) to a Buy rating, raising the price target from EUR 36 to EUR 43. The analyst highlighted that despite facing macroeconomic challenges and tariff fluctuations, the tire sector, particularly Michelin, showed resilience in the first quarter. Aspinall credits aspects like product complexity and strong brand presence as crucial factors driving pricing power in the market. The decision to upgrade follows an analysis of Michelin's performance and valuation in comparison to other European tire manufacturers.

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