Analyst Update: Goodyear Tire & Rubber Co, Cyberark Software Ltd, and Mylan NV

Analysts are weighing in on tire expert Goodyear Tire & Rubber Co (NASDAQ:GT), tech stock Cyberark Software Ltd (NASDAQ:CYBR), and biotech Mylan NV (NASDAQ:MYL). Here's a quick roundup of today's brokerage notes on GT, CYBR, and MYL.

• GT has gapped 4.3% higher to $31.02, thanks to an upgrade to "buy" from "hold" at Deutsche Bank. The brokerage firm also raised its price target to $37 from $29, saying the company should be able to increase cash payouts to shareholders going forward. The $37 price target represents territory Goodyear Tire & Rubber Co hasn't seen since late 1999, while today's price action has the shares above their 320-day moving average for the first time since April. This could be making short sellers nervous, considering they control six days' worth of buying power, going by the stock's normal trading volumes. 

• CYBR is also rallying today, adding 3.7% at $57.41 -- and earlier hitting a 12-month high of $58.49 -- following a price-target hike to $62 from $60 at Nomura. The shares have now added 27% in 2016, and more gains could be forthcoming if short sellers continue to cover. Specifically, short interest on Cyberark Software Ltd fell by 13% in the last reporting period, yet 8% of the stock's float is still sold short. 

• MYL has managed a 0.9% gain at $40.34, even though RBC lowered its price target to $48 from $52, and New York Attorney General Eric Schneiderman said he'd be investigating the company. More specifically, Schneiderman will be looking into whether Mylan NV broke antitrust laws when selling EpiPens to public schools -- just the latest round of drama surrounding the life-saving allergy treatment. Pressured by the EpiPen debacle -- which will now include a class-action lawsuit -- the shares have underperformed the S&P 500 Index (SPX) by almost 18 percentage points in the past month, and options traders see more losses ahead. During the last two weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), 1.47 MYL puts have been bought to open for every call.