Morgan Stanley turns from bear to bull on Goodyear

|About: Goodyear Tire & Rubber Co. (GT)|By:, SA News Editor

Morgan Stanley analyst Adam Jonas upgrades Goodyear Tire & Rubber (NYSE:GT) to Overweight from Underweight in a dramatic two-notch boost.

The forward-looking Jonas thinks the tech revolution in auto could lead to more overall miles driven and sees Goodyear transitioning to a transport services firm.

Morgan Stanley sees 2019 EPS of $4.46 for Goodyear.

Related: Adam Jonas talks Tesla rocket science (May 31)

Shares of Goodyear are up 4.35% premarket to $33.62.

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