Goodyear Tire shares have more upside, says Citigroup Citigroup sees additional upside in shares of Goodyear Tire despite the 11% post-Q4 earnings rally due to upward estimate revisions and multiple expansion. Citi raised its price target for shares to $32 from $28 and reiterates a Buy rating on the name.
Goodyear may benefit in 2015 from Chinese tire duties, says Deutsche Bank After the Department of Commerce assigned a higher than expected preliminary subsidy rate of 15.69% to tires exported from China, Deutsche Bank noted that additional tariffs on Chinese tires would likely have a significant impact on the U.S. tire market and be positive for companies like Goodyear (GT). Cooper Tire (CTB) is another publicly traded U.S. tire company. The firm notes that the ITC is scheduled to release the more significant preliminary ruling on whether Chinese tire makers dumped tires into the U.S. market around January 20, which could result in tariffs that would likely be significantly higher than the countervailing duty. Deutsche has a Hold rating and $29 price target on Goodyear.