HSBC Maintains Buy on Goodyear Tire & Rubber, Lowers Price Target to $15.9
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Wesley Brooks has maintained a Buy rating on Goodyear Tire & Rubber (GT) but lowered the price target from $16.8 to $15.9. This adjustment reflects a slight recalibration of expectations for GT's stock, possibly due to market conditions or company performance.

May 08, 2024 | 5:32 pm
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HSBC analyst Wesley Brooks maintains a Buy rating on Goodyear Tire & Rubber but lowers the price target from $16.8 to $15.9, indicating a positive outlook with a slight adjustment in valuation.
The adjustment in price target by HSBC suggests a recalibration of Goodyear Tire & Rubber's valuation, likely due to updated market conditions or company performance insights. While the Buy rating is maintained, indicating continued confidence in the company's prospects, the lowered price target suggests a more conservative outlook on the stock's short-term price potential. This could lead to a neutral short-term impact on GT's stock as investors digest the implications of the adjusted price target.
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IMPORTANCE 75
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