The Goodyear Tire & Rubber Company ( NASDAQ:GT – Get Free Report ) has received a consensus recommendation of “Reduce” from the seven ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.06.
A number of analysts have issued reports on GT shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Goodyear Tire & Rubber in a report on Wednesday. Wall Street Zen upgraded Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. cut their price target on Goodyear Tire & Rubber from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, October 2nd. Finally, Zacks Research cut Goodyear Tire & Rubber from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th.
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Goodyear Tire & Rubber Trading Down 2.0%
Shares of NASDAQ:GT opened at ...