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Morgan Stanley Sticks to Their Sell Rating for GoodYear Tire (GT)
Morgan Stanley analyst Javier Martinez Olcoz Cerdan maintained a Sell rating on GoodYear Tire yesterday and set a price target of $6.60. The company’s shares closed today at $7.22.
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According to TipRanks, Martinez Olcoz Cerdan is a 2-star analyst with an average return of 1.8% and a 50.75% success rate.
Currently, the analyst consensus on GoodYear Tire is a Moderate Buy with an average price target of $9.26.
Based on GoodYear Tire’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.92 billion and a net profit of $105 million. In comparison, last year the company earned a revenue of $4.95 billion and had a net profit of $76 million
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- Goodyear Tire names Travis Parman Chief Communications Officer
- Goodyear Tire price target lowered to $9 from $12 at Deutsche Bank
- Goodyear Shareholders Back Board, Pay and Auditor Choices
- Goodyear Tire price target lowered to $9 from $10 at TD Cowen
- Goodyear Launches EMEA Restructuring to Streamline Operations
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