Michelin (MGDDY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
As the French CAC 40 Index recently climbed by 3.89%, buoyed by hopes for interest rate cuts and China's stimulus measures, investors are increasingly eyeing opportunities within the European markets. In this climate of optimism, dividend stocks on Euronext Paris stand out for their potential to provide steady income streams, making them particularly appealing in times of economic uncertainty and fluctuating market conditions.
Clermont-Ferrand – October 2, 2024 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Capital reduction: cancellation of 11,721,769 treasury shares Pursuant to the decision of the Managing Chairman on September 30, 2024, and the 26th resolution of the May 17, 2024 Shareholders Meeting, Compagnie Générale des Établissements Michelin has decided to cancel 11,721,769 treasury shares, representing 1,64 % of the total shares outstanding. The effective date of the resulting capital reduction is October 2,