04:20 AM EDT, 05/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $4 to $15, based on a '26 P/E of 8.6x and a justified discount to the stock's 10-year average forward P/E of 13.1x. We lower our adjusted EPS estimates to $1.25 from $1.50 for '25 and to $1.75 from $1.90 for '26. GT posted Q1 adjusted EPS of ($0.04) vs. $0.10, two cents short of consensus. Revenue fell 6% to $4.25B ($150M below consensus) on a 4.7% drop in tire sales volume. Segment operating margins contracted 80 bps to 4.6%. GT said the Goodyear Forward plan delivered $200M of benefits during the quarter, up from $195M in Q1. GT also announced the closing of the sale of its Dunlop brand to Sumitomo for $735M in cash. It plans to use proceeds to reduce leverage. We view the earlier-than-expected closing as positive, as it had previously guided for a close by the end of Q2. GT remains one of our top picks as its activist-driven turnaround continues. We see improved results as the year progresses, driven by operating margin expansion closer to 10% by year-end (vs. 7.0% in 2024).