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Goldman Sachs Downgrades Cooper Tire & Rubber (CTB) to Neutral

January 8, 2015 6:43 AM EST
Get Alerts CTB Hot Sheet
Price: $60.17 --0%

Rating Summary:
    2 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Goldman Sachs downgraded Cooper Tire & Rubber (NYSE: CTB) from Buy to Neutral with a price target of $33.00 (unchanged).

Analyst Patrick Archambault said, "We believe upside from a potential antidumping tariff on China import tires and potential favorable capital deployment is currently priced in. We also see risk to 4Q14 volumes from China tire pre-buy."

For an analyst ratings summary and ratings history on Cooper Tire & Rubber click here. For more ratings news on Cooper Tire & Rubber click here.

Shares of Cooper Tire & Rubber closed at $34.59 yesterday.



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