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More cars and trucks on the road mean more demand for
Goodyear Tire & Rubber's(GT - Get Report) eponymously named tires. You can see the industry upswing in the company's bottom line, as EPS surged from 50 cents in 2010 to likely more than $2 in 2011.
Analysts at Citigroup see EPS hitting nearly $3 by next year. "Following significant underperformance in the shares over the past 12 months, we believe the risk/reward of Goodyear may be poised to tilt favorably, as the stock appears out of favor," note the analysts, with as $22 target price, which equates to almost 60% upside from current levels.
Goodyear, one of
Appaloosa Management's holdings as of the most recently reported period, shows up on a list of
12 Stocks to Buy for 2012.