{
}
Goodyear Tire & Rubber Co. is positioned to benefit from President Trump's tariffs on car imports, as most of its U.S. demand comes from domestic manufacturers and tires are not currently affected by the levies. Deutsche Bank upgraded the stock to "buy," citing potential gains from a higher mix of replacement tires and successful cost-cutting measures, with a price target of $13, suggesting a nearly 50% increase from its recent trading price of $8.95. The company is on track to achieve $1.5 billion in cost savings and margin improvements by the end of 2026.
AutoZone's stock has seen price target increases from several analysts, with UBS raising it to $3,875 and maintaining a "buy" rating, while Wells Fargo Advisors set it at $3,750 with an "overweight" rating. The company is set to announce its quarterly results on May 21, 2024, with investors keenly awaiting sales and earnings figures. AutoZone's share price has outperformed its sector, achieving a 32.11% return over the past year, significantly above the average for the Specialty Retail sector.
AutoZone Inc
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
goodyear upgraded to buy as tariffs boost domestic tire demand
United States Dollar
Goodyear Tire & Rubber Co
AutoZone Inc
Deutsche Bank Money Market PP
O'Reilly Automotive Inc
USA
Edison Yu
Show more
19:11 31.03.2025
AutoZone Shares See Price Target Increases Amid Positive Market Outlook
17:43 11.12.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Hedge Funds & Private Equity
Global Trade Developments
Global Financial Events
Market Analysis and Predictions
Financial Scams and Security
Government Policies
CEO Changes
Banking Regulations
Economic Sanctions
Retail and Consumer Goods
Startups & Entrepreneurship
Workplace Trends
Industry Mergers & Acquisitions
International Relations
Government Economic Policies
Central Bank Actions
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
The Goldman Sachs Group, Inc.
Wells Fargo & Company
Bank of America Corporation
Barclays PLC
Apple Inc.
Citigroup Inc.
Morgan Stanley
Berkshire Hathaway Inc.
Microsoft Corporation
SpaceXCoin USD
The Charles Schwab Corporation
AMERICAN EXPRESS
Amazon.com, Inc.
U.S. Bancorp
UBS Group AG
Banco Santander, S.A.
Deutsche Bank Money Market PP
Citizens, Inc.
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Japanese Yen
British Pound Sterling
South Korean Won
Swiss Franc
United Arab Emirates Dirham
Canadian Dollar
Israeli New Shekel
Swedish Krona
Mexican Peso
New Taiwan Dollar
People: