Continental: Automotive Spin-Off To Become A Pure-Play Tire Company [Seeking Alpha]
CONTL AG S/ADR (CTTAY)
NASDAQ:AMEX Investor Relations:
continental-corporation.com/en/investors/overview
Company Research
Source: Seeking Alpha
The tire segment consistently delivers higher margins than Automotive and ContiTech, justifying the strategic shift toward a pure-play tire company. Shareholders will receive one AUMOVIO share for every two Continental shares, with proceeds from CombiTech divestiture potentially funding a special dividend and share buyback. Shares are rated "Hold" pending completion of the spin-off and sale; analysts' consensus price target suggests 18% upside from current levels. Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » simonbradfield/iStock Unreleased via Getty Images Continental ( OTCPK:CTTAY OTCPK:CTTAF ), mostly known as a tire company, is working towards a spin-off of its automotive division that actually drives it back to its roots: being a tire company. To become a pure-play tire company, Continental has More on my IG service If you want full access to all our reports, data, an
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News
- Continental plans further restructuring at ContiTech with potential job cuts [Yahoo! Finance]Yahoo! Finance
- Continental (OTCMKTS:CTTAY) was upgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to a "buy" rating.MarketBeat
- Continental (OTCMKTS:CTTAY) had its "buy" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
- Continental (OTCMKTS:CTTAY) was upgraded by analysts at Deutsche Bank Aktiengesellschaft to a "buy" rating.MarketBeat
- Saudi Arabia Automotive Actuators Market Trends and Growth Strategies 2025-2034: Electric Actuators to Dominate Growth; Continental, Bosch, and ZF Lead the Competition [Yahoo! Finance]Yahoo! Finance