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Fly News Breaks for February 11, 2019
GT
Feb 11, 2019 | 08:21 EDT
As previously reported, Longbow analyst Anthony Deem downgraded Goodyear Tire to Underperform from Neutral as he believes a supply/demand imbalance in the Americas will continue to limit Goodyear's pricing power over the next several years. Goodyear's earnings growth is highly predicated upon an improving price/mix versus raw materials headwinds, but he sees that potential being capped by supply constraint issues and weak industry pricing power, Deem tells investors. He set a $14 price target on Goodyear Tire shares.
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