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Deutsche Bank upgraded Goodyear Tire & Rubber stock from Hold to Buy just before President Trump’s global tariff announcement, which contributed to a bounce in the company's share price. This upgrade reflects the bank's increasing confidence in Goodyear's operational strategy and turnaround goals.
Goodyear Tire & Rubber Co, which is primarily involved in tire development and sales, has received a "buy" rating upgrade from Deutsche Bank, with a price target of $13.00, indicating a potential upside of 47.90%. The stock currently holds a "Moderate Buy" consensus rating among analysts, despite a recent decline of 3.5%, and institutional investors own 84.19% of its shares. The company reported a quarterly EPS of $0.39, surpassing estimates, with revenue of $4.95 billion.
Deutsche Bank upgraded its outlook for Goodyear Tire & Rubber (LSE:0QLL) from Hold to Buy on March 31, 2025. Institutional ownership saw a decrease of 3.22% in the last quarter, with total shares owned dropping by 0.87% to 293,189K shares. Notable changes in shareholder positions include Wellington Management reducing its stake, while American Century Companies and Avantis U.S. Small Cap Value ETF increased theirs.
Deutsche Bank upgraded Goodyear Tire & Rubber's outlook from Hold to Buy on March 31, 2025, with a projected one-year price target of $12.66/share, indicating a 37.19% upside from its recent closing price of $9.23/share. The company anticipates a 19.08% increase in annual revenue, reaching $22,480MM, and a non-GAAP EPS of 3.06. Institutional ownership has slightly decreased, with notable increases from firms like Wellington Management and American Century Companies.
Deutsche Bank has upgraded Goodyear Tire & Rubber to a Buy rating, citing successful asset sales and cost-saving measures under its Goodyear Forward restructuring plan. The firm anticipates the company will achieve $1.5 billion in cost savings by the end of 2026, with improved margins expected in the coming quarters. Goodyear's valuation is considered attractive, with a price target of $13, indicating nearly 50% upside potential.
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.
Goodyear Tire & Rubber shares rose 4% to $9 following Deutsche Bank's upgrade from "hold" to "buy," citing the company's potential to achieve $1.5 billion in cost savings and margin improvements by 2026. The brokerage maintains a price target of $13, indicating a 47% upside. With domestic manufacturing supporting U.S. demand, Goodyear is positioned to benefit from current tariff policies.
Goodyear Tire & Rubber Co
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