What To Know About Deutsche Bank's Upgrade of Goodyear Tire & Rubber
Portfolio Pulse from Benzinga Insights
Deutsche Bank upgraded Goodyear Tire & Rubber (NASDAQ:GT) to Buy with a new price target of $21.00, up from $13.00. Goodyear's shares are currently trading at $14.14, and the new target suggests a potential upside of 48.47%. Goodyear manufactures and sells rubber tires for various vehicles and operates through three segments: Americas; EMEA; and Asia Pacific.

November 16, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Deutsche Bank upgraded Goodyear Tire & Rubber to Buy and increased the price target from $13.00 to $21.00, indicating a significant potential upside from the current price.
The upgrade by Deutsche Bank to a Buy rating and the substantial increase in the price target are strong positive signals for Goodyear Tire & Rubber. Such analyst actions often lead to increased investor confidence and can drive short-term price movements. Given the size of the target increase, this news is likely to be seen as highly relevant and important by investors, potentially leading to a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100