Goodyear Tire & Rubber Company is a leading global manufacturer of tires and rubber products, specializing in the design, production, and marketing of a wide range of tires for various vehicles, including passenger cars, trucks, and motorcycles. The company is committed to innovation, advancing tire technology, and enhancing performance through research and development. In addition to tire manufacturing, Goodyear also provides automotive services and related products, focusing on customer satisfaction and sustainability. With a presence in numerous countries, Goodyear continues to uphold a strong brand reputation built on quality, reliability, and performance in the tire industry. Read More
Goodyear Tire stock is dropping Friday after reporting Q2 earnings. Things might get worse in the short term for the company with new estimates for the impact of tariffs for the full year.
U.S. equities slipped midday Thursday as corporate earnings and fresh tariff announcements from President Donald Trump drove divergent moves in heavyweight names.
JP Morgan analyst moved Goodyear Tire & Rubber to an Overweight and a price target of $17. Decision reflects improved execution and anticipated benefits from new tariffs.
