Morgan Stanley Comments On Goodyear Analyst Day

According to Morgan Stanley, Goodyear Tire & Rubber Company's (NYSE: GT) analyst day was supportive of the Overweight thesis.

Morgan Stanley reported that its estimates remain mostly unchanged following a positive Analyst Day. “We reiterate our OW rating and $20 PT. Management presentations were mostly in-line with expectations but GT surprised by issuing specific financial targets for 2013 and a roadmap to get there through growth in high valued added tires and emerging markets.”

Goodyear Tire & Rubber Company closed yesterday at $15.03.