Argus analyst David Coleman lowered his price target on Goodyear Tire to $30 to reflect the recent decline but kept his Buy rating, saying that while the company is facing rising input costs, he remains positive on the management's shareholder oriented capital focus. Coleman adds that Goodyear's outlook for 2018 is "challenging", but calls the recent pullback in the stock price an "attractive" entry point for investors. The analyst further notes that the valuation for Goodyear Tire stock is attractive at 8.4-times his expected FY18 earnings, which is well below the 14.2-times peer group average.