Michelin's Margin Recovery Underpinned by Tailwinds

Dow Jones08-20

1001 GMT - Michelin should find support from improving truck replacement demand, structural growth in its polymer-composite solutions unit and demand for premium tires, J.P.Morgan analysts Jose M Asumendi and Piyush Singla write. This will underpin margin recovery. The bank upgrades the stock to overweight from neutral. Shares rise 1.9%.

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