Goodyear up after J.P.Morgan resumes coverage with "overweight" rating

Goodyear Tire & Rubber

22/05/2025 14:56

** Shares of Goodyear Tire & Rubber GT.O rise 2.7% to $10.78 in morning trading

** J.P.Morgan resumes coverage with "overweight" rating and price target of $17, following a period of restriction (OW rating and price target of $18 prior to restriction)

** Cites GT's improving execution, debt deleverage and greater operational focus

** Brokerage expects GT's relative pricing and market share to benefit  from automotive sectoral and reciprocal tariffs, as they are relatively advantageous to domestic tire manufacturers

** Two of 12 brokerages rate the stock "strong buy", five "buy" and five "hold"; their median PT is $14 - LSEG compiled data

** Including session gains, stock had risen 19.7% YTD

 (Reporting by Aatreyee Dasgupta)

 ((Aatreyee.Dasgupta@thomsonreuters.com))