Continental (CTTAY) Raised to Hold at Zacks Investment Research
Continental (OTCMKTS:CTTAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Continental AG manufactures tires, automotive parts and industrial products. The Company’s operating segment consists of Chassis and Safety segment, which develops and produces systems for the automotive industry; Powertrain segment, which integrates system solutions for the powertrain and vehicles of all categories; Interior segment, which offers solutions for information management in order to network drivers and passengers with their own and other vehicles, Tires segment, which offers tires for passenger cars, trucks, buses, construction side vehicles, industrial vehicles, bicycles and motorcycles and ContiTech segment, which develops products made from rubber and plastic. Continental AG is headquartered in Hanover, Germany. “
Several other research analysts have also weighed in on CTTAY. JPMorgan Chase & Co. lowered Continental from an “overweight” rating to a “hold” rating in a research report on Tuesday, August 28th. BNP Paribas lowered Continental from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 4th. Goldman Sachs Group lowered Continental to a “buy” rating in a research report on Tuesday, October 16th. Citigroup lowered Continental from a “buy” rating to a “neutral” rating in a research report on Thursday, November 15th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Continental in a research report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Continental presently has an average rating of “Hold” and an average target price of $69.00.
Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. It operates through Chassis&Safety, Powertrain, Interior, Tires, and ContiTech segments. The Chassis&Safety segment develops, produces, and markets intelligent systems to enhance driving safety and vehicle dynamics.
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