Fly News Breaks for June 15, 2017
GT
Jun 15, 2017 | 06:52 EDT
Deutsche Bank analyst Rod Lache believes shares of Goodyear Tire could trade sideways until investors regain confidence in 2017 earnings. Following yesterday's updated guidance, Lache says the company's volume decline in Q2 is "much steeper than most Industry participants anticipated." He now estimates total shipments for Q2 may decline by 10%. The analyst keeps a Buy rating on Goodyear with a $40 price target.
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