Goodyear up after J.P.Morgan resumes coverage with "overweight" rating
ReutersMay 22, 2025 1:56 PM
Shares of Goodyear Tire & Rubber GT.O rise 2.7% to $10.78 in morning trading
J.P.Morgan resumes coverage with "overweight" rating and price target of $17, following a period of restriction (OW rating and price target of $18 prior to restriction)
Cites GT's improving execution, debt deleverage and greater operational focus
Brokerage expects GT's relative pricing and market share to benefit from automotive sectoral and reciprocal tariffs, as they are relatively advantageous to domestic tire manufacturers
Two of 12 brokerages rate the stock "strong buy", five "buy" and five "hold"; their median PT is $14 - LSEG compiled data
Including session gains, stock had risen 19.7% YTD
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