More Bounce at Cooper Tire
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Despite major roadblocks, including a recession that paralyzed the auto industry and crimped driving habits, Cooper Tire & Rubber (CTB), North America's No. 4 tire maker, has sprung back and is expected to turn a profit this year after a huge loss in 2008.
Cooper, which posted solid sales and operating earnings in the second and third quarters, has cut costs and improved efficiency while gaining market share overseas, says Zacks Investment Research, which rates it outperform. The shares have climbed to 18.38, up from 2.96 in March.