Deutsche Bank keeps Buy rating for Michelin stock at EUR 37.00
Published on 10/05/2026 at 12:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Michelin stock was trading at EUR 33.43 at Lang & Schwarz on October 5, 2026 at 12:01 p.m. CEST, up 0.88 percent from the EUR 33.14 prior close. Deutsche Bank maintained its Buy rating and a EUR 37.00 price target for Michelin in a report dated October 2, 2026, according to Markets Insider.
Deutsche Bank sets a EUR 37 target
The Deutsche Bank target lies 10.68 percent above the Lang & Schwarz price of EUR 33.43. The rating decision gives the stock a defined valuation reference while Michelin approaches its next financial milestone.
The latest analyst view follows JPMorgan's October 1, 2026 assessment, which kept an Overweight rating and a EUR 42.00 target ahead of third-quarter figures, boerse.de reported. JPMorgan forecast third-quarter revenue of EUR 6.45 billion and pointed to lower volumes alongside a better product mix.
First-half margin reaches 11.4 percent
Michelin generated EUR 12.7 billion in revenue in the first half of 2026. Revenue declined 2.6 percent on a reported basis because of currency effects, but increased 0.5 percent at constant exchange rates, according to the company's first-half transcript carried by Yahoo Finance.
Segment operating income reached EUR 1.45 billion and the segment operating margin rose to 11.4 percent, up 0.3 percentage points from the first half of 2025. Free cash flow totaled EUR 282 million in the first half, giving the margin improvement a cash-flow counterpart.
Michelin also reaffirmed its 2026 outlook: segment operating income at constant exchange rates and scope is expected to exceed 2025 levels, while free cash flow before mergers and acquisitions should exceed EUR 1.6 billion. The combination of a higher margin and unchanged guidance is the central operating test for the EUR 37.00 target.
Third-quarter date is October 20
Michelin's investor calendar lists October 20, 2026 for its third-quarter and nine-month sales conference, while the first-half results were published on July 27, 2026, according to Michelin. That date gives analysts the next scheduled checkpoint for volumes, price mix and the confirmed full-year outlook.
Michelin stock stays below its yearly high
Michelin stock was EUR 33.43 at Lang & Schwarz on October 5, 2026 at 12:01 p.m. CEST, plus 0.88 percent versus the EUR 33.14 prior close. Its EUR 25.51 to EUR 35.72 52-week range places the price 6.41 percent below the high, while market capitalization stood at EUR 22.6 billion on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Michelin stock.
Michelin stock facts
- Company: Compagnie Générale des Établissements Michelin Société en commandite par actions
- ISIN: FR001400AJ45
- Ticker: ML
- Primary exchange: Euronext Paris
- Price Lang & Schwarz as of October 5, 2026, 12:01 p.m. CEST: EUR 33.43
- Change versus prior close: plus 0.88 percent
- Prior close Lang & Schwarz September 30, 2026: EUR 33.14
- Market capitalization: EUR 22.6 billion as of October 5, 2026
- 52-week range: EUR 25.51-EUR 35.72 as of October 5, 2026
- Sector / Industry: Tires and rubber
- Next earnings date: October 20, 2026
