Citi Raises Target on Continental, Flags Busy Summer as ContiTech Sale Nears
Citigroup increased its price target on Continental AG to €80 from €78, added the German tyre and automotive supplier to its European Focus List and kept a buy rating. The broker pointed to a potentially 'catalyst-rich' summer as Continental approaches a possible sale of its ContiTech industrial arm and prepares to report mid-year results, with fir…