Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Merrill Keeps 'Neutral' on Cooper Tire


Merrill keeps its neutral rating on Cooper Tire & Rubber (CTB).

An analyst says Cooper's auto business accounts for half of revenue and earnings, and that the potential divestiture is surprising since it's a reversal in the company's strategy. Cooper now believes growth prospects are greater in replacement tires than supplying auto makers with sealing and vibration controls products.

The analyst agrees, and says there's probably an ample number of potential buyers for the property. The analyst expects some of the proceeds will be reinvested in the tire business, and believes the shift from diversification back to specialization should strengthen Cooper's competitiveness in the global replacement market.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus