Michelin Share Buyback Outweighs Negative Signals -- Market Talk

Dow Jones
Feb 12

1212 GMT - A 2 billion-euro share buyback outlined by Michelin will outweigh negative signals surrounding the tire maker's stock, Equita analysts write. The buyback--which is the French tire maker's largest ever--and associated share cancellation are more significant than earnings below Equita's expectations in the second half of 2025, they say. Michelin forecast income below consensus expectations for 2026 as a result of a weaker dollar against the euro, Jefferies analysts write in a separate note. However, Michelin trades at its highest level since May 2025 as shares gain 6.1% in early afternoon European trade. European peers climb too, with Continental up 3.5% while Pirelli gains 2.4%. (josephmichael.stonor@wsj.com)

 

(END) Dow Jones Newswires

February 12, 2026 07:14 ET (12:14 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10