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Cooper Tire & Rubber (CTB)
by Zacks Equity ResearchNovember 26, 2012 | Comments : 0 Recommended this article: (1)
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In the most recent quarter, Cooper Tire posted a significant increase in profits to $74.1 million or $1.17 per share from $17.3 million or $0.27 in the year-ago quarter. With this, it has beaten the Zacks Consensus Estimate by a commendable margin of $0.30.
As such, we have upgraded the recommendation on the shares of the company to Outperform from Neutral and set a target price of $29.00.
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