Reported 2 days ago
Deutsche Bank has upgraded Goodyear Tire & Rubber Co. to a buy rating, citing that the company is poised to benefit from President Trump's tariffs on car imports because most of its U.S. demand is from domestic manufacturers and tires are not currently included in the tariffs. Analyst Edison Yu believes that any slump in new vehicle sales will be offset by higher sales of replacement tires, and he maintains a $13 price target for the stock, which represents significant upside potential.
Source: YAHOO