Report
Michael Foundoukidis

Michelin : Un titre qui coche toutes les cases pour le S2

>Une performance boursière médiocre depuis le début de l’année - La contre-performance boursière de Michelin depuis le début de l’année (-10% ; -2% vs SXAP) est d’autant plus inattendue que le titre semblait retrouver les faveurs des investisseurs, après une publication annuelle maîtrisée, et offrait un profil défensif attractif face aux incertitudes et aux craintes sectorielles. Selon nous, la déception a pu venir de l’éloignement de la perspective d’un programme sig...
Underlying
Compagnie Generale des Etablissements Michelin SCA

Compagnie Generale des Etablissements Michelin is active in the tire and mobility-related service markets. Co. manufactures, distributes and sells tires for all kinds of vehicles, publishes maps and guides and operates a number of services. Co.'s operates in three segments: Passenger car/Light truck tires and related distribution; Truck tires and related distribution and Specialty businesses segment including tires for specialty vehicles and maps and guides. Co. distributes its products through two tire distribution networks: Euromaster (Europe) and TCI (U.S.A.) and its brands include Michelin, BFGoodrich, Kleber, Uniroyal, Warrior, Kormoran, Riken, Taurus and Tigar.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Michael Foundoukidis

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