Shares of Michelin (OTCMKTS:MGDDY – Get Free Report) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company.
A number of research analysts have recently weighed in on MGDDY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Michelin in a research report on Tuesday, July 28th. Citigroup restated a “buy” rating on shares of Michelin in a research note on Wednesday, August 12th. Finally, Zacks Research raised shares of Michelin from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th.
Check Out Our Latest Analysis on MGDDY
Michelin Stock Performance
About Michelin
Michelin is a France-based manufacturer best known for designing, producing and distributing tires. The company serves passenger vehicles, motorcycles, trucks, buses, aircraft, agricultural equipment, mining vehicles and other industrial applications. It also develops related products and services, including connected tire technologies, fleet solutions and mobility services.
Founded in 1889 by brothers Édouard and André Michelin, the company is headquartered in Clermont-Ferrand, France.
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