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MGDDY

Michelin

$0.00

(0.00%)

, GT

Goodyear Tire

$19.10

0.21 (1.11%)

10:10
04/04/19
04/04
10:10
04/04/19
10:10

Michelin reaffirms growth strategy, announces a EUR500M share buyback plan

At its Investor Day, Michelin (MGDDY) said Marc Henry, Chief Financial Officer, confirmed that the 2020 targets for operating income, the competitiveness plan, structural free cash flow and ROCE would be met. Yves Chapot, General Manager, presented an initial overview of the Group's direction beyond 2020, "particularly the implementation of a new competitiveness plan with higher targets for manufacturing performance and reductions in overheads. The Group's growth, combined with competitiveness gains and the optimization of inventory, will enable a sustained improvement in structural free cash flow through 2025. Mr. Menegaux confirmed the Group's dividend policy and announced the launch of a EUR500 million share buyback plan for the 2019-2023 period." In conclusion, Florent Menegaux, Managing General Partner, reaffirmed the commitment of all Michelin employees to meeting the Group's "ambitious growth objectives in support of sustainable mobility," the company announced. Other publicly traded tire makers include Goodyear Tire (GT) and Cooper Tire (CTB). Reference Link

MGDDY

Michelin

$0.00

(0.00%)

GT

Goodyear Tire

$19.10

0.21 (1.11%)

CTB

Cooper Tire

$31.01

0.25 (0.81%)

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    May

MGDDY Michelin
$0.00

(0.00%)

01/07/19
JPMS
01/07/19
DOWNGRADE
JPMS
Neutral
Michelin downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Jose Asumendi downgraded Michelin to Neutral and lowered his price target for the shares to EUR 105 from EUR 130. The European autos sector is unlikely to re-rate over the first half of the year, Asumendi tells investors in a reserved note. He expects most stocks to continue to be valued at "mid-cycle margin multiples" until the sector gains more certainty regarding global production schedules.
10/16/18
GSCO
10/16/18
DOWNGRADE
GSCO
Neutral
Michelin downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Gungun Verma downgraded Michelin (MGDDY) to Neutral and lowered his price target for the shares to EUR 126 from EUR 143. The analyst sees more value elsewhere in European Automobiles. He likes Continental AG (CTTAY) and TI Fluid, both Buy rated, and his top pick is Conviction Buy-rated CNH Industrial (CNHI).
GT Goodyear Tire
$19.10

0.21 (1.11%)

02/11/19
ARGS
02/11/19
DOWNGRADE
ARGS
Hold
Goodyear Tire downgraded to Hold from Buy at Argus
02/11/19
02/11/19
DOWNGRADE

Hold
Goodyear Tire downgraded to Hold at Argus on higher input costs
As previously reported, Argus analyst David Coleman downgraded Goodyear Tire to Hold from Buy after its recent Q4 earnings miss, saying the observed impact of rising raw material costs is likely to persist in 2019. The analyst notes that while the stock price has fallen 4.5% over the past 3 months and trades at at below-peer-average multiples on earnings, the discount is warranted by its challenging near-term outlook. Coleman also lowers his FY19 EPS view on Goodyear Tire to $2.69 from $3.50, even though he is "more optimistic" about the company's long term potential.
02/11/19
02/11/19
DOWNGRADE
Target $14

Underperform
Goodyear Tire downgraded to Underperform on oversupply concerns at Longbow
As previously reported, Longbow analyst Anthony Deem downgraded Goodyear Tire to Underperform from Neutral as he believes a supply/demand imbalance in the Americas will continue to limit Goodyear's pricing power over the next several years. Goodyear's earnings growth is highly predicated upon an improving price/mix versus raw materials headwinds, but he sees that potential being capped by supply constraint issues and weak industry pricing power, Deem tells investors. He set a $14 price target on Goodyear Tire shares.
02/11/19
02/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) downgraded to Sell from Hold at Loop Capital with analyst Anthony Chukumba saying the recent rally in the shares as unwarranted as management's "much better-than-expected" fiscal 2019 financial guidance is "unrealistic." 2. Nvidia (NVDA) downgraded to Market Perform from Outperform at Bernsteinb with analyst Stacy Rasgon citing the company's "somewhat chilly guidance cut," which appears much more fundamentally demand-driven, with the question of the "true" run-rate of the gaming business remaining up in the air for now. 3. Aramark (ARMK) downgraded to Neutral from Conviction Buy at Goldman Sachs with analyst Stephen Grambling citing the miss in fiscal Q1, "increased fundamental volatility" embedded in guidance, and greater underlying labor pressures. 4. Goodyear Tire (GT) was downgraded to Underperform from Neutral at Longbow and to Hold from Buy at Argus. 5. Allete (ALE) downgraded to Underperform from Neutral at Mizuho with analyst Paul Fremont lowering his price target for the shares to $72 from $74 citing "additional execution pressure on its remaining business segments following its decision to sell the U.S. Water Services business." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
CTB Cooper Tire
$31.01

0.25 (0.81%)

01/16/19
RILY
01/16/19
NO CHANGE
Target $40
RILY
Buy
Cooper Tire selloff yesterday a buying opportunity, says B. Riley FBR
B. Riley FBR analyst Christopher Van Horn views the selloff yesterday in shares of Cooper Tire & Rubber (CTB) as an "unusually attractive" buying opportunity. The warning from Goodyear Tire (GT) is not indicative of Cooper Tire's fundamentals, Van Horn tells investors in a research note. He keeps a Buy rating on the shares with a $40 price target.
11/12/18
WOLF
11/12/18
UPGRADE
WOLF
Peer Perform
Cooper Tire upgraded to Peer Perform from Underperform at Wolfe Research
Wolfe Research upgraded Cooper Tire to Peer Perform from Underperform and maintained a $29 price target. saying the near-term market trajectory appears to have inflected positive and the margin outlook is also looking better.
10/02/18
WOLF
10/02/18
INITIATION
Target $27
WOLF
Underperform
Cooper Tire initiated with an Underperform at Wolfe Research
Wolfe Research initiated Cooper Tire with an Underperform and $27 price target.
05/01/18
RILY
05/01/18
NO CHANGE
Target $40
RILY
Buy
Cooper Tire price target lowered to $40 from $50 at B. Riley FBR
B. Riley FBR analyst Christopher Van Horn lowered his price target for Cooper Tire & Rubber to $40 citing persistent end market challenges following the company's Q1 results. The analyst keeps a Buy rating on the shares.

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$15.86

-0.33 (-2.04%)

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CBS

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INTC

Intel

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CMCSA

Comcast

$41.87

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PBR

Petrobras

$15.34

-0.45 (-2.85%)

20:15
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BTI

British American Tobacco

$39.33

-0.45 (-1.13%)

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POR

Portland General Electric

$51.20

0.61 (1.21%)

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AVH

Avianca

$3.91

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SAM

Boston Beer

$276.71

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, AXTI

AXT Inc.

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PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

, PBF

PBF Energy

$33.09

-0.805 (-2.38%)

19:02
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Earnings
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Reports preliminary Q1…

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

PBF

PBF Energy

$33.09

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PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

, PBF

PBF Energy

$33.09

-0.805 (-2.38%)

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Hot Stocks
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PBF Logistics (PBFX)…

PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

PBF

PBF Energy

$33.09

-0.805 (-2.38%)

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NOW

ServiceNow

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-1.085 (-0.45%)

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PBFX

PBF Logistics

$21.36

-0.37 (-1.70%)

18:57
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NFBK

Northfield Bancorp

$14.70

0.09 (0.62%)

18:56
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NFBK

Northfield Bancorp

$14.70

0.09 (0.62%)

18:55
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Earnings
Northfield Bancorp reports Q1 EPS 19c, consensus 19c »

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ZUO

Zuora

$20.03

0.04 (0.20%)

18:42
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Zuora CEO: Subscription based business models are on the rise »

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  • 10

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

, MXWL

Maxwell

$4.28

-0.095 (-2.17%)

18:31
04/24/19
04/24
18:31
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18:31
Hot Stocks
Tesla says 50% of deliveries occurred in last 10 days of quarter »

Says: Overseas volume…

TSLA

Tesla

$258.70

-5.15 (-1.95%)

MXWL

Maxwell

$4.28

-0.095 (-2.17%)

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  • 24

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OMAB

OMA Airports

$48.34

-0.25 (-0.51%)

18:18
04/24/19
04/24
18:18
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18:18
Earnings
OMA Airports reports Q1 EPS 67c, two estimates 73c »

Reports Q1 traffic up…

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