Concerns of a big hit to U.S. tire prices when tariffs on Chinese imports expire at month's end...

|By:, SA News Editor
Concerns of a big hit to U.S. tire prices when tariffs on Chinese imports expire at month's end are overblown, Deutsche Bank says, citing talks with dealers and others: "While pricing is likely to deteriorate at the low end of the market, it is not likely to deteriorate to the extent many investors fear." Cooper Tire (CTB +4.4%) recoups some of last week's 15% drop, as DB upgrades shares to Buy.