MICHELIN (CGDE) (MGDDY) Downgraded by Morgan Stanley to “Equal Weight”

Morgan Stanley lowered shares of MICHELIN (CGDE) (OTCMKTS:MGDDY) from an overweight rating to an equal weight rating in a research note issued to investors on Friday morning.

Separately, Zacks Investment Research upgraded MICHELIN (CGDE) from a sell rating to a hold rating in a report on Wednesday, January 3rd.

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Shares of MICHELIN (MGDDY) opened at $29.09 on Friday. MICHELIN has a 1-year low of $23.35 and a 1-year high of $32.26.

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MICHELIN (CGDE) Company Profile

Compagnie Générale des Établissements Michelin manufactures, distributes, and sells tires worldwide. It offers tires for cars, vans, trucks, buses, farm machinery, earthmovers, mining and handling equipment, tramways, metros, aircraft, motorcycles, scooters, and bicycles. The company provides its products primarily under the BFGoodrich, KLEBER, UNIROYAL, TIGAR, KORMORAN, RIKEN, TAURUS, SIAMTYRE, and WARRIOR brand names.

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