0807 GMT – Continental downward revision to its full-year guidance aligns the outlook with consensus expectations and investors could be relieved that it wasn’t cut more, Jefferies analysts write in a research note. The German auto supplier and tire manufacturer lowered its sales forecast to between EUR40 billion and EUR42.5 billion, from EUR41 billion to EUR44 billion expected previously, with an unchanged group margin guidance. The new guidance implies an adjusted EBIT for the year of between EUR2.4 billion and EUR3.0 billion, with the mid-point at EUR2.7 billion, broadly in line with a company-compiled consensus of EUR2.69 billion.