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Fly News Breaks for February 27, 2020
Feb 27, 2020 | 14:35 EDT
Standpoint Research analyst Ronnie Moas upgraded Goodyear Tire to Buy from Hold.
News For GT From the Last 2 Days
Jan 20, 2021 | 07:38 EST
Deutsche Bank analyst Emmanuel Rosner raised the firm's price target on Goodyear Tire to $12 from $10 and keeps a Hold rating on the shares. The analyst sees "strong" volume growth in 2021 for U.S. autos and an ongoing "solid" mix and pricing helped by easy compares, low inventories, and COVID-19-induced demand for comfort, privacy and protection. The Democrat victory in U.S. Congress could also result in demand upside from large federal spending on infrastructure and toward vehicle electrification, Rosner tells investors in a research note. He believes there is room for upside 2021 guidance surprises.