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Fly News Breaks for March 30, 2017
GT
Mar 30, 2017 | 06:34 EDT
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.
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