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Fly News Breaks for August 2, 2017
GT
Aug 2, 2017 | 09:06 EDT
Morgan Stanley analyst Adam Jonas said Goodyear Tire's rough Q2 has reset the bar lower, but does not change his view that the company is positioned to exploit Auto 2.0 opportunities as miles traveled potentially double by 2020 and triple by 2030. The analyst lowered his price target to $46 from $52 but would use recent weakness as a buying opportunity and reiterates his Overweight rating.
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