TD Cowen lowered the firm’s price target on Goodyear Tire (GT) to $9 from $10 and keeps a Buy rating on the shares. The firm adjusted targets in the autos space as part of a Q1 preview. Automakers look better positioned than suppliers to offer investors outlook “reassurances and retaining guidance credibility,” the analyst tells investors in a research note. TD believes guide-down risk is low.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GT:
- Goodyear Launches EMEA Restructuring to Streamline Operations
- Goodyear Tire to cut roughly 600 jobs across EMEA
- Trump Trade: L’Oreal, Bausch + Lomb sue for Trump tariff refunds
- L’Oreal, Bausch + Lomb sue for Trump tariff refunds, Reuters reports