FRANKFURT (dpa-AFX Broker) - DZ Bank has upgraded Continental from "hold" to "buy" and raised the fair value from 66 to 70 euros. In view of a possible spin-off of the automotive division, the management should push ahead with cost-cutting measures, which should improve margins in this area faster than previously expected, analyst Michael Punzet wrote in a study published on Wednesday. The tire group's figures for the second quarter met expectations./edh/mis

Publication of the original study: 07.08.2024 / 13:48 / CEST

First disclosure of the original study: 07/08/2024 / 13:57 / CEST

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