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News Breaks
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November 12, 2009
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| 21:19 EDT |  | CTB |
| theflyonthewall.com: | Cooper Tire & Rubber is "bouncing" back, BusinessWeek reports | | Cooper Tire & Rubber (CTB), North America's No. 4 tire maker, has sprung back from the recession's crippling effects on the auto industry, and is expected to turn a profit this year after a huge loss in 2008. Cooper has cut costs and improved efficiency while gaining market share overseas, says Zacks Investment Research, which rates it outperform. Saul Ludwig of KeyBanc Capital Markets recently raised his Cooper estimates as he sees a near-term sales opening for Cooper as the company is remedying the inventory shortage caused by cutbacks at dealers. Luwig also raised his price target to $25 from $23. Reference Link :theflyonthewall.com |
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