Analysts Upgrade Goodyear

26th May 2006 | 0 Comments

Analysts at the Deutsche Bank are upgrading Goodyear shares to “Hold” from “Sell”, saying that Goodyear shares have experienced a material correction since the bank lowered its recommendation to Sell in January. In the short term, the analysts say that they continue to see earnings risk associated with very weak demand, which may force Goodyear to idle factories in order to bring down inventories.

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Category: Product News

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