Michelin cut to Hold as RBC eyes tire trade-down (OTCMKTS:MGDDF)

Clermont Ferrand - Michelin factory

Eric Bascol/iStock Editorial through Getty Images

Economic uncertainty and normalizing stock within the tire business aroused a cautious outlook for Michelin (OTCPK:MGDDF) at RBC Capital Markets.

The financial institution’s analysts indicated that tire inventories seem to have normalized into the

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