Deutsche Bank analyst Emmanuel Rosner lowered the firm’s price target on Goodyear Tire to $9 from $11 and keeps a Hold rating on the shares. The analyst views Goodyear’s earnings update as "bizarre," saying the company combined a weak Q4 performance and "particularly dismal" Q1 outlook with "bullish" forward-looking comments from management.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on GT:
- Goodyear Tire reports Q4 adjusted EPS 7c, consensus 6c
- GOODYEAR REPORTS FOURTH QUARTER AND FULL-YEAR 2022 FINANCIAL RESULTS
- Goodyear Tire put volume heavy and directionally bearish
- Goodyear Tire downgraded to Underperform from Neutral at Exane BNP Paribas
- Goodyear Plummets after Job Cuts; Warns of Bleak Q4