According to Deutsche Bank, Goodyear is seen as a winner in Trump’s tariff war

Goodyear Tire & Rubber Co. could be a relative winner of President Donald Trump’s tariffs on car imports, as most of the US demand comes from domestic manufacturers and tires are not included in planned taxes. German banksupgraded the tire cellar and purchased from hold.

read more:Trump says he hopes new tariffs will send buyers to American cars

“The negative impact on new vehicle sales should be mitigated by a better margin, a significant mix of replacement tires,” wrote analyst Edison Yu, who resumed coverage at Goodyear in December. “All of which there remains risk to the execution, but we believe the company is well-operated and well-positioned to accommodate current assessments at the Trough level.”

Stocks rose 3.3% on Monday, but have fallen more than 30% from their peak hit almost a year ago. Pier Autozone Inc. and O’Reilly Automotive Inc. are also trading on Monday.

Bullism says after steady progress in Goodyear’s cost-cutting programme, Deutsche Bank has also closed its off-road tire business, announced the sale of Dunlop’s intellectual property, repeating its hope that the chemical sale should be completed by the end of that calendar year.

Yu is looking at future profits in the stock. He maintains his $13 price target. This means a jump of almost 50% from where the stock was closed on Friday, ranking the highest on Wall Street. The average 12-month goal is about $12. Goodyear is currently trading at $8.95.

Stocks also have five purchases, five holds and zero sales ratings.

“The conversation with us gave us even more confidence that we have the traction we need to achieve our target $1.5 billion cost savings and margin improvements by the end of 2026,” Yu wrote.

This story was originally introduced Fortune.com