Plastic Omnium climbs nearly 4%, buoyed by a recommendation upgrade by Stifel from 'hold' to 'buy' with a price target of 17 euros, in a note on automotive suppliers in Europe.

The stock may not offer the best earnings growth in 2024 (Valeo and Conti seem better options in the short term), but current prices offer a good entry point, and 2025 multiples look attractive", says the broker.

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