Shares of Goodyear Tire GT are surging today on the heels of an analyst upgrade.
Shares are up $1.06, or 10.11%, to $11.54 after Bank of America BAC analyst John Murphy upgraded the stock to "buy" from "underperform". The analyst believes the tire maker's valuation is attractive after a 20% decline year-to-date.
The move higher has come on heavy volume, with more than 6.7 million shares already traded versus the three-month daily average of 4.2 million shares.
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Posted In: Analyst ColorUpgradesIntraday UpdateAnalyst RatingsMoversBank of AmericaConsumer DiscretionaryFinancialsOther Diversified Financial ServicesTires & Rubber
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