0935 ET - Goodyear Tire & Rubber's improving performance is coming at an opportune time, according to Deutsche Bank's Edison Yu in a note. The analyst says conversations with management gives him confidence Goodyear can achieve $1.5 billion in cost savings and margin improvement by the end of 2026, all while the company has initiated changes including closing its Off-The-Road business, announced the sale of its Dunlop IP and reiterated expectations for its Chemicals divestiture to be completed before the end of the calendar year. "The improved performance comes at a time when tariff policy could leave Goodyear a relative winner within our coverage, with most of its US demand served by domestic manufacturing and tires (at least for now), not included in the tariffs announced last week," says Yu, who upgrades the stock to a buy rating. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
March 31, 2025 09:35 ET (13:35 GMT)
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