Goodyear Tire price target raised to $16 from $14 at Citi

Citi raised the firm’s price target on Goodyear Tire to $16 from $14 and keeps a Neutral rating on the shares. The analyst thinks Goodyear’s newly unveiled Goodyear Forward plan “checked the right boxes for conveying a path towards margin improvement and reduced leverage.” While the plan itself didn’t necessarily surprise to the upside, it did provide much needed visibility for the upcoming few years, the analyst tells investors in a research note. Citi says that from here, the bull case is that Goodyear’s Q4 of 2025 exit targets support a low-to-mid $20s upside case for the stock, though likely only after the company executes on planned asset sales and completes the CEO transition.