Deutsche Bank Raises Price Target on Cooper Tire & Rubber (CTB)

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Deutsche Bank today reiterated a Buy rating on Cooper Tire & Rubber (NYSE: CTB) and raised its price target to $34 from $28. Yesterday Cooper Tire & Rubber Co. reported Q4 EPS of $1.15, $0.30 better than the analyst estimate of $0.85 on $1.04 billion in revenue.

"While a lower tax rate added $0.07 vs. our est's, operating results were still considerably stronger than expected," stated analysts.

Deutsche Bank said its Buy rating was based on valuation.

For an analyst ratings summary and ratings history on Cooper Tire & Rubber (NYSE: CTB) click here. For more ratings news on Cooper Tire & Rubber click here.

Shares of Cooper Tire & Rubber closed at $26.03 yesterday, with a 52 week range of $13.82-$27.14.

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