Goodyear Tire & Rubber (NASDAQ:GT – Get Free Report) was upgraded by stock analysts at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports.

Following a period of higher raw material costs, increased levels of capital expenditures, and rising levels of company debt, analyst Bill Selesky believes Goodyear Tire (NASDAQ: GT) reached an inflection point developed with the reporting of its Q4 earnings, which were much better than we expected.

Shares of Goodyear Tire GT gained 17.3% since the company reported fourth-quarter 2024 results on Thursday. It reported fourth-quarter 2024 adjusted earnings per share (EPS) of 39 cents, in line with the Zacks Consensus Estimate.