Goodyear Tire & Rubber up after Deutsche Bank upgrades shares

Goodyear Tire & Rubber

31/03/2025 16:39

** Shares of Goodyear Tire & Rubber GT.O up 4% to $9 after Deutsche Bank hikes rating to "buy" from "hold"

** Brokerage says co has "necessary traction to achieve its targeted $1.5 bln in cost savings and margin improvement by the end of 2026"

** Maintains PT at $13, a 47% upside to stock's last close

** "The improved performance comes at a time when tariff policy could leave GT a relative winner, with most of its US demand served by domestic manufacturing and tires" - brokerage

** 5 of 11 brokerages rate the stock "buy" or higher and 6 "hold"; their median PT is $13 - LSEG data

** Including session moves, GT up nearly 1% YTD

 (Reporting by Anshuman Tripathy)

 ((Anshuman.Tripathy@thomsonreuters.com))