Trust in Michelin Shares

Deutsche Bank AG sees potential in Michelin shares, which lost about 10 % at the stock exchange last week, and they recommend these as a “buy”. On the one hand analysts foresee cheaper raw material prices and on the other hand they believe that, as Michelin is focussing on the high end of the market, the company will be the winner because American consumers are making a flight to quality after the recall of Firestone tyres..