Continental Could Raise Guidance to Top End of Range
Dow Jones10-01
1342 GMT - Continental is expected to have had a strong third quarter and could upgrade its full-year guidance when the company reports earnings, UBS analysts write. "We would expect Continental to guide towards the very top end of the FY26 range, particularly given that Q4 is not typically a seasonally weaker quarter," they say. The German tire maker had forecast sales of between 13.2 billion euros and 14.2 billion euros and an adjusted EBIT margin of around 12.0%-13.5%. The analysts add that free cash flow is expected to be "neutral to slightly positive" in the third quarter, consistent with normal seasonal patterns. UBS has a buy rating on the stock and 90.00-euro target price. Shares are up 0.2% at 67.26 euros.
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