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GT

Goodyear Tire

$32.06

-0.2 (-0.62%)

09:27
05/19/17
05/19
09:27
05/19/17
09:27

Goodyear Tire valuation 'compelling,' says Argus

Argus analyst David Coleman says that Goodyear's valuation is "compelling." The analyst notes that the company's stock has fallen 10.5% over the last three months. However, he remains upbeat about the company's longer term outlook and reiterates a Buy rating.

GT Goodyear Tire
$32.06

-0.2 (-0.62%)

04/05/17
DBAB
04/05/17
NO CHANGE
Target $40
DBAB
Buy
Goodyear Tire announced another price increase, says Deutsche Bank
Deutsche Bank analyst Rod Lache notes that Goodyear Tier announced that it will be increasing prices on all brands by "approximately 6%" effective May 1. This is in addition to a price increase of "up to 8%" that took effect for orders placed after February 1, the analyst points out. Lache views the news as a "very positive data point." The announcements suggest that Goodyear and other tire makers are intent on making the price increases stick, he argues. Lache expects the company's earnings growth to return in the second half of 2017. He keeps a Buy rating on Goodyear with a $40 price target.
03/30/17
03/30/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. lululemon (LULU) was downgraded to Neutral from Positive at Susquehanna and Citi, to Underperform from Neutral at BofA/Merrill, and to Market Perform from Outperform at Wells Fargo. 2. Restoration Hardware (RH) downgraded to Neutral from Buy at Goldman with analyst Matthew Fassler saying the stock is near his unchanged price target of $44. 3. Grainger (GWW) downgraded to Market Perform from Outperform at BMO Capital with analyst Scott Graham saying that its price cuts "are broader than we thought and the timing of their benefits seems less certain." 4. SecureWorks (SCWX) was downgraded to Underperform from Buy at BofA/Merrill, to Equal Weight from Overweight at Barclays, and to Neutral from Buy at Goldman. 5. Goodyear Tire (GT) downgraded to Neutral from Buy at Goldman with analyst David Tamberrino saying he believes current share valuation reflects the positive high value-add tire demand environment and price increase stickiness. However, Tamberrino sees near-term pricing uncertainty due to raw material price volatility and increased rebate activity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/30/17
GSCO
03/30/17
DOWNGRADE
Target $33
GSCO
Neutral
Goodyear Tire downgraded to Neutral from Buy at Goldman
Goldman analyst David Tamberrino downgraded Goodyear Tire to Neutral from Buy and lowered its price target to $33 from $34. The analyst believes current share valuation reflects the positive high value-add tire demand environment and price increase stickiness. However, Tamberrino sees near-term pricing uncertainty due to raw material price volatility and increased rebate activity.
03/13/17
KEYB
03/13/17
NO CHANGE
KEYB
New tax would help Tenneco, Gentex, Goodyear Tire, says KeyBanc
KeyBanc says that the EPS of Tenneco (TEN), Gentex (GNTX), and Goodyear Tire (GT) would be boosted by 7%-10% if a border adjustment tax being considered by the Congressional GOP is adopted.

TODAY'S FREE FLY STORIES

BCS

Barclays

$10.66

-0.12 (-1.11%)

07:36
05/31/17
05/31
07:36
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07:36
Periodicals
Barclays plans sale of $2B stake in African division, Sky News says »

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CADE

Cadence Bancorporation

$22.32

0.03 (0.13%)

07:36
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07:36
Initiation
Cadence Bancorporation initiated  »

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CXRX

Concordia

$1.27

-0.025 (-1.94%)

07:36
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Hot Stocks
Concordia: U.K. CMA intends to continue with pricing investigation »

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FOLD

Amicus

$7.66

-0.27 (-3.40%)

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Amicus' SD-101 granted Rare Pediatric Disease designation »

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AAPL

Apple

$153.67

0.06 (0.04%)

, NVDA

Nvidia

$144.87

3.03 (2.14%)

07:35
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Options
Unusual call flow in option market yesterday »

Notable call activity was…

AAPL

Apple

$153.67

0.06 (0.04%)

NVDA

Nvidia

$144.87

3.03 (2.14%)

BABA

Alibaba

$123.91

-0.08 (-0.06%)

MU

Micron

$30.70

0.94 (3.16%)

M

Macy's

$23.60

0.16 (0.68%)

CSX

CSX

$54.22

0.26 (0.48%)

KORS

Michael Kors

$36.27

-0.49 (-1.33%)

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07:35
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07:35
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07:35
General news
FX Update: The dollar came under pressure »

FX Update: The dollar…

CUI

CUI Global

$3.54

-0.11 (-3.01%)

07:35
05/31/17
05/31
07:35
05/31/17
07:35
Initiation
CUI Global initiated  »

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HLIT

Harmonic

$5.10

-0.15 (-2.86%)

07:34
05/31/17
05/31
07:34
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07:34
Conference/Events
Harmonic management to meet with Drexel Hamilton »

Meeting to be held in New…

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  • 01

    Jun

ALNY

Alnylam

$64.09

-1.71 (-2.60%)

07:34
05/31/17
05/31
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05/31/17
07:34
Hot Stocks
FDA grants Breakthrough Therapy Designation for Alnylam's Givosiran »

Alnylam Pharmaceuticals…

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  • 06

    Jun

DAKT

Daktronics

$9.28

0.14 (1.53%)

07:33
05/31/17
05/31
07:33
05/31/17
07:33
Earnings
Daktronics reports Q4 EPS 2c, consensus 6c »

Reports Q4 revenue…

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  • 31

    May

EC

Ecopetrol

$9.36

-0.23 (-2.40%)

07:33
05/31/17
05/31
07:33
05/31/17
07:33
Downgrade
Ecopetrol rating change  »

Ecopetrol downgraded to…

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DNKN

Dunkin' Brands

$58.32

0.15 (0.26%)

07:32
05/31/17
05/31
07:32
05/31/17
07:32
Hot Stocks
Dunkin' Brands names Kate Jaspon as CFO, effective June 5 »

Dunkin' Brands Group…

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  • 20

    Jun

EXAS

Exact Sciences

$32.65

-0.67 (-2.01%)

, UNH

UnitedHealth

$176.59

-0.91 (-0.51%)

07:31
05/31/17
05/31
07:31
05/31/17
07:31
Recommendations
Exact Sciences, UnitedHealth analyst commentary  »

Exact Sciences remains a…

EXAS

Exact Sciences

$32.65

-0.67 (-2.01%)

UNH

UnitedHealth

$176.59

-0.91 (-0.51%)

03/08/13
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  • 31

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  • 06

    Jun

QCOM

Qualcomm

$57.34

-0.18 (-0.31%)

, NXPI

NXP Semiconductors

$108.14

0.14 (0.13%)

07:31
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05/31
07:31
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07:31
Hot Stocks
Qualcomm extends cash tender offer for NXP Semiconductors outstanding shares »

Qualcomm (QCOM) announced…

QCOM

Qualcomm

$57.34

-0.18 (-0.31%)

NXPI

NXP Semiconductors

$108.14

0.14 (0.13%)

03/08/13
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  • 01

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  • 09

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FRO

Frontline

$5.41

-0.22 (-3.91%)

07:31
05/31/17
05/31
07:31
05/31/17
07:31
Upgrade
Frontline rating change  »

Frontline upgraded to Buy…

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EGHT

8x8, Inc.

$13.60

0.1 (0.74%)

07:30
05/31/17
05/31
07:30
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07:30
Conference/Events
8x8, Inc. management to meet with Needham »

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GNRT

Gener8 Maritime

$4.91

0.06 (1.24%)

, FRO

Frontline

$5.41

-0.22 (-3.91%)

07:30
05/31/17
05/31
07:30
05/31/17
07:30
Recommendations
Gener8 Maritime, Frontline, DHT Holdings analyst commentary  »

Gener8 Maritime advance…

GNRT

Gener8 Maritime

$4.91

0.06 (1.24%)

FRO

Frontline

$5.41

-0.22 (-3.91%)

DHT

DHT Holdings

$4.20

-0.07 (-1.64%)

03/08/13
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WLL

Whiting Petroleum

$7.28

-0.69 (-8.66%)

, ORCL

Oracle

$45.42

0.16 (0.35%)

07:30
05/31/17
05/31
07:30
05/31/17
07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

WLL

Whiting Petroleum

$7.28

-0.69 (-8.66%)

ORCL

Oracle

$45.42

0.16 (0.35%)

03/08/13
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KORS

Michael Kors

$36.27

-0.49 (-1.33%)

07:25
05/31/17
05/31
07:25
05/31/17
07:25
Technical Analysis
Technical View: Michael Kors drops to new 52-week low after earnings »

In the pre-market the…

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  • 31

    May

CBS

CBS

$61.52

-0.05 (-0.08%)

, CBS.A

$63.50

-0.15 (-0.24%)

07:24
05/31/17
05/31
07:24
05/31/17
07:24
Periodicals
Scott Pelley to depart anchor role on 'CBS Evening News,' NY Times says »

CBS (CBS, CBS.A) news…

CBS

CBS

$61.52

-0.05 (-0.08%)

CBS.A

$63.50

-0.15 (-0.24%)

CMCSA

Comcast

$41.10

0.19 (0.46%)

CMCSK

Comcast

DIS

Disney

$108.34

-0.07 (-0.06%)

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  • 01

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KORS

Michael Kors

$36.27

-0.49 (-1.33%)

07:23
05/31/17
05/31
07:23
05/31/17
07:23
Hot Stocks
Breaking Hot Stocks news story on Michael Kors »

Michael Kors drops 7% in…

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  • 31

    May

UAA

Under Armour

$19.56

-0.13 (-0.66%)

07:23
05/31/17
05/31
07:23
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07:23
Recommendations
Under Armour analyst commentary  »

Under Armour has reached…

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  • 31

    May

07:22
05/31/17
05/31
07:22
05/31/17
07:22
General news
Futures higher ahead of final trading for May »

Stock futures are above…

KORS

Michael Kors

$36.27

-0.49 (-1.33%)

07:22
05/31/17
05/31
07:22
05/31/17
07:22
Hot Stocks
Michael Kors says to close 100-125 full-price retail stores over next two years »

Michael Kors announced…

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  • 31

    May

MYL

Mylan

$39.36

-0.36 (-0.91%)

07:19
05/31/17
05/31
07:19
05/31/17
07:19
Recommendations
Mylan analyst commentary  »

Pension fund campaign a…

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  • 03

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