Conti share price tipped to rise further

The €143.85 premium that shares in Continental AG currently command (as of 1pm, 13 November) is the company’s highest-ever share price, yet US bank Citgroup anticipates a target price of €164 – and it has therefore given the company a “buy” rating. Analyst Philip Watkins writes that the tyre and automotive systems company continues to have the sector’s best business model, and opines that the company’s third quarter figures underline its technological leadership.