NEW YORK (dpa-AFX Broker) - US research firm Bernstein Research has maintained its rating for Continental at "market perform" with a price target of €64. In his industry assessment published on Wednesday, analyst Harry Martin addressed the growing competitive pressure on European tire manufacturers from Japan and South Korea. These companies have high marketing budgets at their disposal. He sees Kumho and Nexen as the main threats. Asian companies could be an interesting takeover target for Continental once its automotive supply business has been spun off. As a pure tire manufacturer, an acquisition could be a way to grow in this area.
Publication of the original study: June 3, 2025 / 2:28 p.m. / UTC
Initial distribution of the original study: June 4, 2025 / 4:00 a.m. / UTC
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