GOODYEAR REPORTS FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS
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February 14, 2024 8:09 AM EST
JPMorgan analyst Ryan Brinkman reiterated a Neutral rating and {REMOVEPT} price target on Goodyear Tire & Rubber (NASDAQ: GT)
The analyst comments "Goodyear released its fourth quarter and full year results after the close on Monday, the first under new CEO Mark Stewart, who took over on January 29th. Revenue fell a bit short of expectations, primarily on... More
February 14, 2024 5:21 AM EST
JPMorgan analyst Ryan Brinkman lowered the price target on Goodyear Tire & Rubber (NASDAQ: GT) to $17.00 (from $18.00) while maintaining a Overweight rating.
The analyst comments "Goodyear shares fell -15.0% Tuesday vs. S&P 500 -1.4% after the company reported 4Q earnings largely in line with JPM estimates and in fact solidly ahead of consensus but moving parts relative to 1Q guidance items pointed to a below JPM and consensus start to the year. Revenue in 4Q was $5,128 mn (tire shipments down -4% y/y), which was softer than the $5,385 mn (JPMe shipments... More
