Report
IHO / Schaeffler : We adopt Buy recommendations on the new IHO PIK toggle notes
Our Credit Opinion on IHO and Schaeffler is Negative (vs. Stable) given the expected downgrades (Schaeffler would become a BB-range risk – at least temporary) and the weak automotive market. Other items which we need to follow up on include: - 1/ the Conti reorganisation and the planned automotive group spin-off, - 2/ competition with Asian peers and how market shares will be trending, - 3/ changing political framework and landscape (tariffs policy, outcome of US election, ICE ban), - 4/...
Underlying
Schaeffler AG
Provider
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.
Markus Schmitt
Other Reports on these Companies
Other Reports from Oddo BHF
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.