MS ups Continental on earnings improvement potential
05/10/2026 09:06
BUZZ-MS ups Continental on earnings improvement potential ** Morgan Stanley upgrades Continental CONG.DE to "overweight" from "equal-weight"
** Cites overlooked earnings prospects after the planned spin-off of its rubber and plastic division ContiTech
** The broker sees scope for a re-rating as Continental trades at a discount to major tyre peers
** It also notes the company is committed to shareholder returns
** The broker increases its PT by 26% to €78
** Out of 17 analysts that cover Continental, 10 rate the stock "strong buy" or "buy", 6 rate "hold" and 1 rates it "sell" — LSEG data
(Reporting by Aleksandra Kret)