11:18 AM Eastern Standard Time, 02/19/2010 (MidnightTrader) — Goodyear Tire & Rubber Co. (GT) is lower on profit-taking Friday, even as Goldman Sachs raised its price target for the company after it reported strong earnings the previous day.
Goldman raised its price target for Goodyear to $19 from $18, and maintained its "buy" rating. Thursday, the largest U.S. tire manufacturer reported posting a profit in the fourth quarter, even as analysts expected the company to post a loss as it did a year ago.
Goodyear shares opened at $14.18, and have traded between $3.17 and $18.84 over the past 12 months.
Analysts broadly agreed that Goodyear was overly conservative in warning about losses in North America.
Price: 13.35, Change: -0.95, Percent Change: -6.64
Posts
0 nhận xét