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Goodyear Tire & Rubber Company (the) (GT) [hlAlert]

Rating:
Hold GT
down 56.47 %

Goodyear Tire & Rubber Company (GT) downgraded to Hold with price target $12 by Citigroup

Posted on: Thursday,  Apr 30, 2009  8:25 AM ET by Citigroup

Citigroup rated Hold Goodyear Tire & Rubber Company (NASDAQ: GT) on 04/30/2009. Previously Citigroup rated Buy Goodyear Tire & Rubber Company (NASDAQ:
GT) on 09/13/2007., when the stock price was $25.25. Since then, Goodyear Tire & Rubber Company has lost 56.48% as of 04/30/2009's recent price of $10.99.
If you would have followed the previous Citigroup's recommendation on GT, you would have lost 56.47% of your investment in 595 days.

Goodyear is one of the world's largest tire companies. The company manufactures tires, engineered rubber products and chemicals in facilities in numerous countries. It has marketing operations in almost every country around the world. (Company Press Release)

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/30/2009 8:25 AM Hold
None
10.99 12.00
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD up  84.08 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/13/2007 9:25 AM Buy
None
25.25 35.00

(*) Stock Price at the time of the recommendation.
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