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Alias Born 06/14/2010

Re: hotrod34racer post# 31

Sunday, 03/13/2011 12:31:36 PM

Sunday, March 13, 2011 12:31:36 PM

Post# of 18777
Welcome to the board. I'm familiar with GT, b/c I'm still playing it. It's one of my short term plays. The reason is b/c of this:

Dow Jones reports that Morgan Stanley did a big flip on the tire maker [GT], raising its rating to overweight from underweight, skipping the mealy-mouthed equalweight in between. It raised Goodyear’s price target to $20 from $13. Goodyear is up 6.8% to 15.

Morgan Stanley says that higher rubber prices could help tire companies beyond 2011. “No one is currently modeling in a potential surge in tire volumes, driven either by emerging markets or pent up demand leading to potential volume and earnings upside,” the investment bank said


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