Goodyear rises after BNP Paribas lifts rating to 'outperform'

Goodyear Tire & Rubber

09/06/2025 18:45

** Goodyear Tire & Rubber's shares GT.O rise 12.6% to $11.98

** BNP Paribas upgrades rating to "outperform" from "neutral", citing relative cost advantage in the U.S. resulting from tariffs

** Lifts PT to $15 from $11, representing ~41% upside to the stock's last close

** "We see significant support for GT to deliver meaningful price/mix-led earnings upside, which the market is underappreciating," — BNP Paribas

** Two of 12 brokerages rate the stock "strong buy", five "buy" and five "hold"; their median PT is $14.20 — LSEG compiled data

** As of last close, stock had risen 32.7% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))