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Bank of America / Merrill Downgrades Goodyear Tire From Buy To Underperform
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Posted on 10/29/09 at 6:36am by Benzinga Staff
Bank of America / Merrill downgrades Goodyear Tire (NYSE: GT) from Buy to Underperform.
BofA/Merrill lowered the rating on Goodyear Tire as it expect GT's Q4 to be "materially weaker" than previously expected following the earnings report.
BofA also lowered Goodyear's price target from $22 to $10.
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