The stock of the Clermont-based manufacturer declines in mid-morning trading, in a downward trending Paris market. The CAC 40 is down 1.25% during the session, and the SBF 120 loses 1.11%. An analyst note published this Thursday contributes to the movement.
Deutsche Bank Adjusts Target, Shares Tumble
Michelin shares drop 1.96% to €30.54, down from €31.15 at the previous close. Deutsche Bank has lowered its price target this Thursday from €35.00 to €34.00, while maintaining a ‘buy’ recommendation. The new target represents a theoretical potential of approximately 11.3% relative to the current price. The move comes in the wake of the first quarter…
