Goodyear Tire resumed with a Hold at Deutsche Bank

Deutsche Bank analyst Edison Yu resumed coverage of Goodyear Tire (GT) with a Hold rating and $10 price target Goodyear has made progress at “righting the ship” since announcing its “Forward” restructuring program, but uncertainty remains, “suggesting a true turnaround could take longer than initially expected,” the analyst tells investors in a research note. The firm says Goodyear’s Forward strategy is still in the early innings.