Michelin : October volumes confirm improvement in passenger segment
>Destocking now mostly over in the passenger segment - Michelin yesterday released tyre market data for October which tends to confirm the positive signals already seen in past months and largely mentioned by the main tyre makers recently, suggesting some light at the end of the tunnel on the destocking side, at least on the passenger segment (with the trucks situation still more difficult as expected).FY expectations seem well underpinned - We see th...
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.
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