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The Zacks Analyst Blog Highlights: Goodyear Tire & Rubber and Goldman Sachs

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For Immediate Release

Chicago, IL - March 31, 2017 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Goodyear Tire & Rubber Company (NASDAQ: GT- Free Report ) and Goldman Sachs (NYSE: GS- Free Report ).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Thursday's Analyst Blog:

Why Was Goodyear Stock Down Thursday?

Goodyear Tire & Rubber Company's (NASDAQ: GT- Free Report ) stock dropped 1.63% on Thursday to $35.60 per share after Goldman Sachs (NYSE: GS- Free Report ) downgraded GT to Neutral from Buy.

Analyst David Tamberrino worries that it might take a while before the market adjusts to GT's recent increase of tire prices while the price of raw materials decline. However, Tamberrino remains confident in the company's growth since the demand for tire replacement is still high.

Moreover, the analyst sees the valuation of Goodyear is now more in line with its peers.

Goodyear, one of the world's largest tire companies, manufactures tires and engineered rubber products. It reported a 2.2% increase in adjusted earnings per share year-over-year from $0.93 per share to $0.95 per share in 2016 Q4. The company's earnings beat the Zacks Consensus Estimate but missed the revenues estimate. (To learn more about Goodyear's Q4 Earnings report, check out this article: Goodyear Q4 Earnings Beat, Revenues Miss Estimates)

MarketWatchreported that shares of Goodyear had gained 17% in the past three months before the downgrade. The company closed yesterday at $36.19 per share.

Goldman Sachs cut the tire company's stock price from $34 to $33 per share.

Stocks that Aren't in the News. Yet.

You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.

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The Goodyear Tire & Rubber Company (GT): Free Stock Analysis Report

Goldman Sachs Group, Inc. (The) (GS): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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