1016 GMT - Pirelli earnings remain broadly in line with consensus and valuation leaves limited near-term upside, J.P.Morgan analysts Jose M Asumendi and Piyush Singla write. The bank retains its neutral rating on the stock. Meanwhile, J.P.Morgan remains overweight on Continental, with resilient tire profitability, a supportive price/mix and improving currency offsetting continuing volume and raw-material headwinds. Pirelli shares rise 0.2%, while Continental shares rise 1.4%.
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