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)
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