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Post-Election Themes a Mixed Blessing for Hedge Funds; 13 New Stocks Added to Goldman Sachs Hedge Fund VIP List

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Morgan Stanley Raises Price Target on Goodyear Tire (GT); Reiterates Underperform

November 22, 2016 11:54 AM EST

Morgan Stanley reiterated an Underweight rating on Goodyear Tire & Rubber (NASDAQ: GT), and raised the price target to $24.00 (from $20.00), as headwinds continue. Through 2020, GT expects incremental demand in the 17" segment to be in
excess of incremental supply in the Americas and in... More

Morgan Stanley Boosts PT on Goodyear Tire (GT) to $24 Amid Seeing Multiple GM Headwinds

November 22, 2016 11:52 AM EST

Morgan Stanley is lifting its price target on Underweight-rated Goodyear Tire & Rubber (NYSE: GT) from $20 up to $24, seeing upcoming pressure on margin levels.

The firm commented today: We see margin headwinds from consumers potentially trading down on tire brand mix, outsized exposure to low margin OE customers in the =17" segment, excess capacity in the core Through 2020, GT expects incremental demand in the =17" segment to be well in excess of incremental supply in the Americas and in Asia and to be very closely matched in EMEA. However, GT's expectations are based on the =17" segment... More