The firm says the company's improving volume momentum and strong cash returns compelled it to upgrade its rating. Jefferies also sees expectations as bottoming now that the company's profit warning is out of the way.
Goodyear Tire & Rubber is an Akron, OH-based company that develops, manufactures, distributes and sells tires and related products.
What's Hot On TheStreet
TheStreet's Lindsay Rittenhouse went shopping online at Ohio stores to see how Whole Foods stacked up against Walmart Stores Inc. (WMT - Get Report) and rival grocer Kroger (KR - Get Report) . While the results may not be shocking, they show just how much Amazon will have to cut for Whole Foods to be on equal footing with some of its competitors.
The cost of eight everyday food items at Whole Foods, TheStreet found, were nearly double those of the ones at Walmart, but Kroger undercut them both. Whole Foods' basket cost $38.29; Walmart's, $19.86; and Kroger's, $16.58.
With data as shocking as this, it's no wonder Whole Foods founder John Mackey is in love with Amazon.
Tesla's stock is out of control: Tesla Inc. (TSLA - Get Report) shares are expected to have a strong session amid reports Elon Musk's electric car baby may open a new production facility in China. Such a move would avoid tariffs in the world's second-largest economy, but risk the ire of U.S. President Donald Trump's "buy American, hire American" industrial policy, TheStreet's Martin Baccardax reports.
Tesla's market cap is now more than $60 billion and climbing, despite the company continuing to lose money. Ford's (F - Get Report) market clocks in at $44.7 billion, while General Motors (GM - Get Report) stands at $51.9 billion.
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