Michelin (MGDDY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Compagnie Générale des Établissements Michelin Société en commandite par actions (MGDDF) Q4 2023 Earnings Call Transcript

The French tire maker said the share buyback could be worth up to €1 billion over the 2024-2026 period. It also declared an €1.35 dividend for the year.

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