Continental's ContiTech Unit Sale Progressing at Reasonable Valuation -- Market Talk

Dow Jones

03/24

0948 GMT - (Dow Jones) Continental shares are oversold and newsflow suggesting that the sale of its ContiTech business is progressing at a reasonable valuation range is positive, Citi analysts write. Bloomberg reported that the ContiTech business is potentially being valued at between 3.5 billion and 4 billion euros, which is below Citi's valuation of 4.6 billion euros. However, a sale at the mid-point would still leave the remaining Continental business trading at a valuation below key peers Michelin and Pirelli, offering compelling upside. The bank thinks recent share price weakness in Continental had effectively discounted any such sale even happening on account of recent uncertainty in raw material prices and availability, rates and valuations. Citi rates Continental at buy with a 78 euro target price. Shares fall 1.1% to 59.10 euros. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 05:49 ET (09:49 GMT)

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Bloomberg reported that the ContiTech business is potentially being valued at between 3.5 billion and 4 billion euros, which is below Citi's valuation of 4.6 billion euros. However, a sale at the mid-point would still leave the remaining Continental business trading at a valuation below key peers Michelin and Pirelli, offering compelling upside. The bank thinks recent share price weakness in Continental had effectively discounted any such sale even happening on account of recent uncertainty in raw material prices and availability, rates and valuations. Citi rates Continental at buy with a 78 euro target price. Shares fall 1.1% to 59.10 euros. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2026 05:49 ET (09:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Continental's ContiTech Unit Sale Progressing at Reasonable Valuation -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nContinental's ContiTech Unit Sale Progressing at Reasonable Valuation -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-24 17:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0948 GMT - (Dow Jones) Continental shares are oversold and newsflow suggesting that the sale of its ContiTech business is progressing at a reasonable valuation range is positive, Citi analysts write. Bloomberg reported that the ContiTech business is potentially being valued at between 3.5 billion and 4 billion euros, which is below Citi's valuation of 4.6 billion euros. However, a sale at the mid-point would still leave the remaining Continental business trading at a valuation below key peers Michelin and Pirelli, offering compelling upside. The bank thinks recent share price weakness in Continental had effectively discounted any such sale even happening on account of recent uncertainty in raw material prices and availability, rates and valuations. Citi rates Continental at buy with a 78 euro target price. Shares fall 1.1% to 59.10 euros. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2026 05:49 ET (09:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4124","symbol_name":"机动车零配件与设备","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621800063","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621800063","pubTimestamp":1774345740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0948 GMT -  Continental shares are oversold and newsflow suggesting that the sale of its ContiTech business is progressing at a reasonable valuation range is positive, Citi analysts write. Bloomberg reported that the ContiTech business is potentially being valued at between 3.5 billion and 4 billion euros, which is below Citi's valuation of 4.6 billion euros. However, a sale at the mid-point would still leave the remaining Continental business trading at a valuation below key peers Michelin and Pirelli, offering compelling upside. The bank thinks recent share price weakness in Continental had effectively discounted any such sale even happening on account of recent uncertainty in raw material prices and availability, rates and valuations. Citi rates Continental at buy with a 78 euro target price. Shares fall 1.1% to 59.10 euros. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4124":"机动车零配件与设备","CTTAY":"Continental AG","BK4119":"轮胎与橡胶"},"translate_title":"大陆集团ContiTech部门出售以合理估值取得进展——市场讨论","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTTAY":0.9},"content_text":"0948 GMT - (Dow Jones) Continental shares are oversold and newsflow suggesting that the sale of its ContiTech business is progressing at a reasonable valuation range is positive, Citi analysts write. Bloomberg reported that the ContiTech business is potentially being valued at between 3.5 billion and 4 billion euros, which is below Citi's valuation of 4.6 billion euros. However, a sale at the mid-point would still leave the remaining Continental business trading at a valuation below key peers Michelin and Pirelli, offering compelling upside. The bank thinks recent share price weakness in Continental had effectively discounted any such sale even happening on account of recent uncertainty in raw material prices and availability, rates and valuations. Citi rates Continental at buy with a 78 euro target price. Shares fall 1.1% to 59.10 euros. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2026 05:49 ET (09:49 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}