Deutsche Bank Comments On Goodyear Analyst Day

In a report published by Deutsche Bank, it felt that there were two main positive takeaways from Goodyear Tire & Rubber (NYSE: GT) Analyst Day in New York City.

Deutsche Bank said that there were bullish takeaways from the analyst meeting. “1) Secular trends within the tire industry are increasingly supportive of longer term earnings/profitability improvement, and; 2) We believe that the company's specific earnings guidance (including a 2013 timetable for meeting margin targets) should be viewed positively, as it demonstrates increased visibility into the company's business outlook. We maintain our Buy recommendation based on valuation.”

Goodyear Tire & Rubber closed yesterday at $15.03.