Goodyear Tire & Rubber Co. (GT) stock surged 5.11% during the trading session on Tuesday, February 18, 2025, outperforming the broader market.
The significant rally in Goodyear's shares was driven by an analyst upgrade from Argus Research. Argus analyst David Coleman raised their rating on Goodyear Tire to "Buy" from "Hold", citing the company's recent fourth-quarter earnings report as an "inflection point" and setting a $12 price target on the stock.
Coleman noted that despite global industry challenges faced by Goodyear in recent years, the company's cost-cutting initiatives and strategic efforts to improve profitability are starting to bear fruit. The analyst expects Goodyear's performance to improve further in the coming quarters, making the stock an attractive investment opportunity.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。