GoodYear Tire Gets a Buy Rating from Jefferies

By Jason Carr

In a report issued on July 10, Ashik Kurian from Jefferies reiterated a Buy rating on GoodYear Tire (NASDAQ: GT), with a price target of $32. The company’s shares closed yesterday at $22.68, close to its 52-week low of $22.62.

According to TipRanks.com, Kurian is ranked #4210 out of 4842 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GoodYear Tire with a $30.33 average price target, implying a 33.7% upside from current levels. In a report issued on June 25, Northcoast Research also reiterated a Buy rating on the stock with a $32 price target.

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The company has a one-year high of $36.52 and a one-year low of $22.62. Currently, GoodYear Tire has an average volume of 2.75M.

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Goodyear Tire & Rubber Co. engages in the development, manufactures, distribution, and sale of tires and related products and services worldwide. Its products include lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment and various other applications.