finance
Deutsche Bank Downgrades Goodyear Tire to Hold, Cuts Price Target to $7
Deutsche Bank analyst Edison Yu downgraded Goodyear Tire & Rubber Co from Buy to Hold and cut the price target from $9 to $7. Shares of the tire maker closed at $6.51 on Friday. Raymond James analyst Ric Prentiss also downgraded Telephone and Data Systems Inc from Outperform to Market Perform.
May 11, 9:41 AM·1m read1 source
ai-cio.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Deutsche Bank analyst Edison Yu downgraded Goodyear Tire & Rubber Co from Buy to Hold and lowered the price target from $9 to $7. 51 on Friday. The stock trades under ticker GT on NASDAQ.
The downgrade comes as part of a series of analyst rating changes tracked by Benzinga. Benzinga reported the moves in an article published on May 11, 2026. The publication also detailed a separate downgrade for another telecommunications company.
Raymond James analyst Ric Prentiss downgraded Telephone and Data Systems Inc from Outperform to Market Perform. Telephone and Data Systems Inc trades under ticker TDS on NYSE. Benzinga reported both analyst actions together in its roundup of top downgrades.
51. The previous $9 target had implied more upside under the former Buy rating. Deutsche Bank's revised view now aligns more closely with the current market valuation.
The analyst actions reflect shifting outlooks on two distinct companies in different sectors. Goodyear Tire & Rubber Co operates in the automotive and tire manufacturing industry while Telephone and Data Systems Inc provides telecommunications services. No further details on the specific reasons for either downgrade were provided in the Benzinga report.
