Market Overview

UPDATE: Goldman Sachs Initiates Cooper Tire & Rubber at Neutral

Related CTB
A Used-Car Portfolio To Profit From A Sluggish Economy
Top 4 Small-Cap Stocks In The Rubber & Plastics Industry With The Highest Operating Margin

Goldman Sachs initiated coverage on Cooper Tire & Rubber (NYSE: CTB) with a Neutral rating and a $25 price target.

Goldman Sachs noted, "We initiate on Cooper Tire with a Neutral rating and a six-month price target of $25. While we are positively biased to Cooper's long-term growth given the company's improving product portfolio and its expansion into international markets, we see near-term pressures on pricing and volumes in the United States primarily in the value category as ITC tariffs expire. With shares up 43% ytd, we believe growth expectations are priced in."

Cooper Tire & Rubber closed at $19.54 on Wednesday.

Latest Ratings for CTB

Nov 2015Deutsche BankMaintainsHold
Aug 2015Deutsche BankMaintainsHold
Aug 2015JP MorganMaintainsNeutral

View More Analyst Ratings for CTB
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings


Related Articles (CTB)

View Comments and Join the Discussion!

Get Benzinga's Newsletters