Shares of Goodyear Tire & Rubber (GT) - Get Report were lower by 1.79% to $35.54 on Thursday morning, after Goldman Sachs reduced its rating on the stock to "neutral" from "buy."

The downgrade comes following a tire price increase, a decline in raw material prices, and a rise in rebate activity.

Goldman cut its price target on the stock to $33 from $34.

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