Goodyear Tire remains a favorite name in tires, says Goldman Goldman remains positive on the Tire & Rubber sector and expects income growth to be driven by increased replacement volumes and lower input costs. The firm's checks indicate price/mix headwinds are less severe than initial expectations and lower raw materials costs should offset the impact. The analyst's favorite name remains Buy rated Goodyear tire.
Cooper Tire downgraded to Neutral from Buy at SunTrust SunTrust downgraded Cooper Tire to Neutral and removed it from the Top Pick list to reflect balanced risk/reward. The firm said it has been surprised by the lack of recent price increases and has a more moderated views of upside scenarios. Price target remains $46.