Continental AG (CTTAY) Downgraded by Zacks Investment Research to Sell
Continental AG (NASDAQ:CTTAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
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 equities research analysts have also issued reports on the stock. UBS AG reissued a “buy” rating on shares of Continental AG in a research note on Thursday, September 14th. Deutsche Bank AG raised shares of Continental AG from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. DZ Bank AG reissued a “buy” rating on shares of Continental AG in a research note on Tuesday, August 8th. Finally, Natixis raised shares of Continental AG from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Continental AG presently has a consensus rating of “Buy” and an average target price of $51.00.
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Continental AG Company Profile
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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