Continental's ContiTech Unit Sale Progressing at Reasonable Valuation -- Market Talk

Dow Jones03-24 17:49

0948 GMT - (Dow Jones) Continental shares are oversold and newsflow suggesting that the sale of its ContiTech business is progressing at a reasonable valuation range is positive, Citi analysts write. Bloomberg reported that the ContiTech business is potentially being valued at between 3.5 billion and 4 billion euros, which is below Citi's valuation of 4.6 billion euros. However, a sale at the mid-point would still leave the remaining Continental business trading at a valuation below key peers Michelin and Pirelli, offering compelling upside. The bank thinks recent share price weakness in Continental had effectively discounted any such sale even happening on account of recent uncertainty in raw material prices and availability, rates and valuations. Citi rates Continental at buy with a 78 euro target price. Shares fall 1.1% to 59.10 euros. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 05:49 ET (09:49 GMT)

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Bloomberg reported that the ContiTech business is potentially being valued at between 3.5 billion and 4 billion euros, which is below Citi's valuation of 4.6 billion euros. However, a sale at the mid-point would still leave the remaining Continental business trading at a valuation below key peers Michelin and Pirelli, offering compelling upside. The bank thinks recent share price weakness in Continental had effectively discounted any such sale even happening on account of recent uncertainty in raw material prices and availability, rates and valuations. Citi rates Continental at buy with a 78 euro target price. Shares fall 1.1% to 59.10 euros. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2026 05:49 ET (09:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4119","symbol_name":"轮胎与橡胶","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621800063","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621800063","pubTimestamp":1774345740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0948 GMT -  Continental shares are oversold and newsflow suggesting that the sale of its ContiTech business is progressing at a reasonable valuation range is positive, Citi analysts write. 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