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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.
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goodyear upgraded to buy as tariffs boost domestic tire demand
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19:11 31.03.2025
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