What To Know About Deutsche Bank's Upgrade of Goodyear Tire & Rubber

Deutsche Bank upgraded its rating of Goodyear Tire & Rubber GT to Buy with a price target of $21.00, changing its price target from $13.00 to $21.00.

Shares of Goodyear Tire & Rubber are trading up 0.74% over the last 24 hours, at $14.14 per share.

A move to $21.00 would account for a 48.47% increase from the current share price.

About Goodyear Tire & Rubber

Goodyear Tire & Rubber Co manufactures and sells a variety of rubber tires under the Goodyear brand name. The firm's tires are used for automobiles, trucks, buses, aircraft, motorcycles, mining equipment, farm equipment, and industrial equipment. The company operates its business through three operating segments representing its regional tire businesses: Americas; Europe, the Middle East, and Africa (EMEA); and the Asia Pacific.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.