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You are here: Home1 / News2 / Product News3 / US Tyre Shipments Beat Expectations

US Tyre Shipments Beat Expectations

Date: 11th January 2005 Author: Tyrepress Editors Comments: 0

Financial analysts are predicting that the US tyre market has performed better than expected in the month of December, increasing 9.5 per cent year-over-year. The news follows a six per cent increase in November and an 8 per cent decline in October. The market watchers from Deutsche Bank estimate that US tyre manufacturers are likely to have experienced a 2.5 per cent increase in replacement volume. In addition the analysts report that volumes this quarter are also better than expected. As a result Deutsche Bank predicts that Cooper and Goodyear will experience a positive modification in their share prices of $0.10 and $0.07 respectively.

Related news:

  1. Cooper Results Have Implications on Goodyear
  2. Analysts Lower Estimates on Goodyear and Cooper
  3. Analysts Upgrade Cooper Shares
  4. Analysts “Still Cautious” on Cooper Shares
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Related Tags

analysts, Cooper, Deutsche Bank, financials, Goodyear, prices

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