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News Breaks | | | | September 24, 2012 | | 06:00 EDT |  | CTB | Cooper Tire upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Cooper Tire saying the expiration of the Chinese tariffs could be more benign than it previously expected. The firm maintains a $24 price target for shares. | |
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News For CTB From The Last 14 Days Check below for free stories on CTB the last two weeks. |
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| May 9, 2013 | | 07:45 EDT |  | CTB | Cooper Tire says continues to be cautious about Q2 volumes
 Subscribe for More Information | | | 07:43 EDT |  | CTB | Cooper Tire reports Q1 EPS 87c, consensus 66c
Reports Q1 revenue $861.7M, consensus $965.03M. The company said, "We previously guided to lower volumes for the first quarter anticipating the deployment of a major phase of our ERP system and inventory adjustments being made by certain key customers. On top of these two expected impacts, which were specific to Cooper, the global tire market was extremely soft and world economies continued to be weak, which constrained consumer spending. Even with these combined factors negatively impacting volumes, we struck a balance between pricing discipline and volumes to achieve record results on the bottom line." | |
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