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CTB

Cooper Tire

$34.01

0.86 (2.59%)

07:12
01/18/19
01/18
07:12
01/18/19
07:12

Cooper Tire Europe to cease light vehicle tire production in England facility

Cooper Tire & Rubber Company Europe Ltd., a subsidiary of Cooper Tire, announced it will move forward with a previously announced proposal to cease light vehicle tire production at its Melksham, England facility. The plan is geared to help Cooper Tire Europe enhance its competitiveness in the global tire industry. The collective consultation process with employee representatives at the facility, which began in October 2018, has concluded and it is expected that light vehicle tire production will be phased out over a period of approximately 10 months at the site with an estimated 300 roles eliminated. Cooper Tire Europe will obtain light vehicle tires to meet customer needs from other sites within Cooper's global production network. Employees whose roles will be eliminated will receive appropriate notice, enhanced separation pay and continued career services. Approximately 400 roles will remain in Melksham to support functions that will continue there, including motorsports and motorcycle tire production, a materials business, Cooper Tire Europe headquarters and sales and marketing, and the Europe Technical Center.

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CTB Cooper Tire
$34.01

0.86 (2.59%)

01/16/19
RILY
01/16/19
NO CHANGE
Target $40
RILY
Buy
Cooper Tire selloff yesterday a buying opportunity, says B. Riley FBR
B. Riley FBR analyst Christopher Van Horn views the selloff yesterday in shares of Cooper Tire & Rubber (CTB) as an "unusually attractive" buying opportunity. The warning from Goodyear Tire (GT) is not indicative of Cooper Tire's fundamentals, Van Horn tells investors in a research note. He keeps a Buy rating on the shares with a $40 price target.
11/12/18
WOLF
11/12/18
UPGRADE
WOLF
Peer Perform
Cooper Tire upgraded to Peer Perform from Underperform at Wolfe Research
Wolfe Research upgraded Cooper Tire to Peer Perform from Underperform and maintained a $29 price target. saying the near-term market trajectory appears to have inflected positive and the margin outlook is also looking better.
10/02/18
WOLF
10/02/18
INITIATION
Target $27
WOLF
Underperform
Cooper Tire initiated with an Underperform at Wolfe Research
Wolfe Research initiated Cooper Tire with an Underperform and $27 price target.
05/01/18
RILY
05/01/18
NO CHANGE
Target $40
RILY
Buy
Cooper Tire price target lowered to $40 from $50 at B. Riley FBR
B. Riley FBR analyst Christopher Van Horn lowered his price target for Cooper Tire & Rubber to $40 citing persistent end market challenges following the company's Q1 results. The analyst keeps a Buy rating on the shares.

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AMZN

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AMGN

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WES

Western Gas Partners

$49.52

0.38 (0.77%)

, WGP

Western Gas Equity

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PXD

Pioneer Natural

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ZTS

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JNJ

Johnson & Johnson

$136.40

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WIN

Windstream

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0.2 (6.31%)

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BHVN

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AMGN

Amgen

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CE

Celanese

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WIN

Windstream

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0.2 (6.31%)

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Uniti Group

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GLD

SPDR Gold Shares

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MDLZ

Mondelez

$48.17

0.84 (1.77%)

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