Continental (OTCMKTS:CTTAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm presently has a $69.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 13.39% from the stock’s current price.
According to Zacks, “Continental AG manufactures tires, automotive parts and industrial products. The Company’s operating segment consists of Chassis and Safety segment, which develops and produces systems for the automotive industry; Powertrain segment, which integrates system solutions for the powertrain and vehicles of all categories; Interior segment, which offers solutions for information management in order to network drivers and passengers with their own and other vehicles, Tires segment, which offers tires for passenger cars, trucks, buses, construction side vehicles, industrial vehicles, bicycles and motorcycles and ContiTech segment, which develops products made from rubber and plastic. Continental AG is headquartered in Hanover, Germany. “
Several other research firms have also recently issued reports on CTTAY. Deutsche Bank reissued a “buy” rating on shares of Continental in a research note on Tuesday, January 23rd. DZ Bank reissued a “buy” rating on shares of Continental in a research note on Tuesday, January 16th. Finally, Barclays reaffirmed a “neutral” rating on shares of Continental in a research note on Tuesday, January 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $69.00.
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Continental AG is an automotive supplier. The Company’s segments include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety division develops, produces and markets intelligent systems. The Chassis & Safety division consists of four business units: Vehicle Dynamics, Hydraulic Brake Systems, Passive Safety & Sensorics, and Advanced Driver Assistance Systems.
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