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Goldman Sachs Reiterates on The Goodyear Tire & Rubber Company on Undervalued Asset with Positive Catalysts

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In a report published Wednesday, Goldman Sachs analyst Patrick Archambault reiterated a Buy rating and $26.00 price target on The Goodyear Tire & Rubber Company (NASDAQ: GT).

In the report, Goldman Sachs noted, “Post 3Q13 results we are making minor adjustments to our 2013-2015 EPS estimates to $2.70/$3.14/$3.81 from $2.62/$3.14/$3.71 driven by the impact of the 3Q beat for 2013 as well as refinements we have made to our price/mix/raw material assumptions. Our six-month price target remains unchanged at $26, implying 25% upside.”

The Goodyear Tire & Rubber Company closed on Tuesday at $20.76.

Latest Ratings for GT

DateFirmActionFromTo
Apr 2021Morgan StanleyDowngradesOverweightEqual-Weight
Mar 2021KeyBancMaintainsOverweight
Feb 2021Morgan StanleyUpgradesEqual-WeightOverweight

View More Analyst Ratings for GT
View the Latest Analyst Ratings

 

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Posted-In: Goldman Sachs Patrick ArchambaultAnalyst Color Reiteration Analyst Ratings

Latest Ratings

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