Jefferies Group Weighs in on MICHELIN (CGDE)’s Q4 2017 Earnings (MGDDY)

MICHELIN (CGDE) (OTCMKTS:MGDDY) – Equities research analysts at Jefferies Group issued their Q4 2017 EPS estimates for shares of MICHELIN (CGDE) in a research report issued to clients and investors on Sunday. Jefferies Group analyst A. Kurian expects that the company will post earnings of $0.99 per share for the quarter. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for MICHELIN (CGDE)’s FY2019 earnings at $2.70 EPS and FY2020 earnings at $2.91 EPS.

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

Shares of MICHELIN (OTCMKTS MGDDY) opened at $31.79 on Wednesday. MICHELIN has a fifty-two week low of $21.35 and a fifty-two week high of $32.26.

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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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