Goodyear rises after BNP Paribas lifts rating to 'outperform'

ReutersJun 9, 2025 5:45 PM

Goodyear Tire & Rubber's shares GT.O rise 12.6% to $11.98

BNP Paribas upgrades rating to "outperform" from "neutral", citing relative cost advantage in the U.S. resulting from tariffs

Lifts PT to $15 from $11, representing ~41% upside to the stock's last close

"We see significant support for GT to deliver meaningful price/mix-led earnings upside, which the market is underappreciating," — BNP Paribas

Two of 12 brokerages rate the stock "strong buy", five "buy" and five "hold"; their median PT is $14.20 — LSEG compiled data

As of last close, stock had risen 32.7% YTD

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