Analysts at Morgan Stanley on Thursday upgraded Goodyear Tire & Rubber Co. stock to their equivalent of buy and set their price target on the shares to $52, which corresponds to a 52% upside from the stock Thursday price. “The technological revolution in mobility may drive growth in miles traveled at (two times) historic levels, supporting tire volume and pricing,” the analysts wrote in a note. In the longer term, Goodyear could become a transport-services firm with less cyclical revenue, they said. “We view tires as entering a period of secular growth,” the analysts said. Shares of Goodyear have gained 10% in 2017, which compares to gains around 8% for the S&P 500 Index.
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