MICHELIN : Oddo BHF welcomes targets and strategy
The new 2026 targets came in above expectations (e.g. +5% EBIT) and reflect the margin for improvement still present on the financial front", notes the analyst, who still sees the company's positioning as attractive in the current environment.
"This is now accompanied by an increasingly best-in-class approach to competitiveness, and therefore by more marked and record financial progress, but not yet fully reflected in the valuation", he continues.
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