JP Morgan analysts begin Michelin coverage with 'Overweight'

Paris - Equity analyst JP Morgan has begun following Michelin and its initial rating is that the shares are 'Overweight'

Opening its research report with the phrase, 'No more Mr Nice Guy", JP Morgan said it believes the recent rally in Michelin's share price reflects better truck volume and rubber prices, but not the upcoming structural cost base improvement.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

JP Morgan equity research requires login to see reports)