Citi Raises Goodyear PT To $21 (GT)

Citi has raised Goodyear Tire & Rubber Co's GT from $19.00 to $21.00 following their 2011 Investor Day. In the report Citi writes, "Goodyear's highly-anticipated 2011 Investor Day was highlighted by the unveiling of better-than expected 2013 earnings targets. Though GT shares slipped 2% on the day along with the auto sector, we viewed the Investor Day as a clear incremental positive and reiterate our Buy/Speculative rating on the shares." GT has a Buy/Speculative Rating and closed at $15.03 yesterday.