Smarter Analyst

Morgan Stanley Downgrades Continental Aktiengesellschaft (CTTAF) to Hold

Continental Aktiengesellschaft (CTTAF) received a Hold rating and a EUR95.00 price target from Morgan Stanley analyst Victoria Greer today. The company’s shares closed last Thursday at $102.50.

Greer has an average return of 15.2% when recommending Continental Aktiengesellschaft.

According to TipRanks.com, Greer is ranked #3480 out of 6648 analysts.

Continental Aktiengesellschaft has an analyst consensus of Hold, with a price target consensus of $84.30, representing a -16.5% downside. In a report issued on May 14, HSBC also maintained a Hold rating on the stock with a EUR80.00 price target.

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The company has a one-year high of $147.00 and a one-year low of $57.00. Currently, Continental Aktiengesellschaft has an average volume of 910.

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Continental AG is a holding company, which engages in the manufacture and sale of soft rubber products, rubberized fabrics, and solid tires. It operates through the following segments: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, and Other or Consolidation. The Chassis and Safety segment develops, produces, and markets intelligent systems to improve driving safety and vehicle dynamics. The Powertrains segment integrates system solutions for the powertrains. The Interior segment provides information management for vehicles; and develops and produces communication, and network solutions. The Tires segment offers reduction of fuel consumption by minimizing rolling resistance. The ContiTech segment covers the development, manufacture, and market of products for the machine and plant engineering, mining, and automotive industry. The Other or Consolidation segment represents the centrally managed subsidiaries and affiliates including holding, financing, and insurance companies. The company was founded on October 8, 1871 and is headquartered in Hanover, Germany.