As previously reported, Argus analyst David Coleman downgraded Goodyear Tire to Hold from Buy after its recent Q4 earnings miss, saying the observed impact of rising raw material costs is likely to persist in 2019. The analyst notes that while the stock price has fallen 4.5% over the past 3 months and trades at at below-peer-average multiples on earnings, the discount is warranted by its challenging near-term outlook. Coleman also lowers his FY19 EPS view on Goodyear Tire to $2.69 from $3.50, even though he is "more optimistic" about the company's long term potential.