Citi initiated coverage of Goodyear Tire (GT) with a Neutral rating and $10 price target The company is undergoing an “ambitious” plan to expand margins and reduce debt, the analyst tells investors in a research note. The firm sees risk to see Goodyear’s initiatives as well as better cash returns elsewhere in the sector.
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Read More on GT:
- Goodyear Announces Leadership Change in Americas
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- Hold Rating on GoodYear Tire Amidst Uncertain Financial Outlook and Earnings Challenges
- Goodyear’s Earnings Call: Mixed Outlook Amid Challenges
- Goodyear Tire price target lowered to $12 from $15 at Deutsche Bank
