Michelin Expected to Report Revenue Growth

Dow Jones07-03

1051 GMT - French tire maker Michelin could report a top-line increase in the second quarter, which would mark its first three-month period of positive growth after 11 consecutive quarters of declining revenue, Deutsche Bank analyst Christoph Laskawi writes. Earnings in the first half are expected to be in line with the full-year target trajectory, and free cash flow should follow the usual seasonality, the bank adds. On the back of slightly increased forecasts, Deutsche Bank lifts its target price to 36 euros from 34 euros and reiterates its buy rating on the stock. Shares rise 1% to 35.07 euros. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

July 03, 2026 06:52 ET (10:52 GMT)

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On the back of slightly increased forecasts, Deutsche Bank lifts its target price to 36 euros from 34 euros and reiterates its buy rating on the stock. Shares rise 1% to 35.07 euros. 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Shares rise 1% to 35.07 euros. 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