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GT

Goodyear Tire

$19.45

0.56 (2.96%)

13:05
04/04/19
04/04
13:05
04/04/19
13:05

Goodyear Tire call volume above normal and directionally bullish

Bullish option flow detected in Goodyear Tire with 2,264 calls trading, 4x expected, and implied vol increasing over 1 point to 33.22%. Apr-19 20 calls and 5/24 weekly 20 calls are the most active options, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 0.11. Earnings are expected on April 24th.

  • 08

    Apr

GT Goodyear Tire
$19.45

0.56 (2.96%)

02/11/19
ARGS
02/11/19
DOWNGRADE
ARGS
Hold
Goodyear Tire downgraded to Hold from Buy at Argus
02/11/19
02/11/19
DOWNGRADE

Hold
Goodyear Tire downgraded to Hold at Argus on higher input costs
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.
02/11/19
02/11/19
DOWNGRADE
Target $14

Underperform
Goodyear Tire downgraded to Underperform on oversupply concerns at Longbow
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.
02/11/19
02/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Bed Bath & Beyond (BBBY) downgraded to Sell from Hold at Loop Capital with analyst Anthony Chukumba saying the recent rally in the shares as unwarranted as management's "much better-than-expected" fiscal 2019 financial guidance is "unrealistic." 2. Nvidia (NVDA) downgraded to Market Perform from Outperform at Bernsteinb with analyst Stacy Rasgon citing the company's "somewhat chilly guidance cut," which appears much more fundamentally demand-driven, with the question of the "true" run-rate of the gaming business remaining up in the air for now. 3. Aramark (ARMK) downgraded to Neutral from Conviction Buy at Goldman Sachs with analyst Stephen Grambling citing the miss in fiscal Q1, "increased fundamental volatility" embedded in guidance, and greater underlying labor pressures. 4. Goodyear Tire (GT) was downgraded to Underperform from Neutral at Longbow and to Hold from Buy at Argus. 5. Allete (ALE) downgraded to Underperform from Neutral at Mizuho with analyst Paul Fremont lowering his price target for the shares to $72 from $74 citing "additional execution pressure on its remaining business segments following its decision to sell the U.S. Water Services business." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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